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FINANCIAL_SERVICESDISCUSSED

City of Warman Committee of the Whole Agenda Packet May 2026

City Considers SUMAInvest Pooled Investment Option

City of WarmanSUMAINVESTMay 19, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Warman Council reviewed SUMAInvest as a potential pooled investment vehicle for a portion of the City’s reserves. The program offers diversified portfolios with higher historical returns than GICs, but includes management and administration fees and a 25% cap of unappropriated reserves.

Contract Details

Vendor

SUMAINVEST

Agency

City of Warman, Canada

Contract Type

FINANCIAL_SERVICES

Document Date

May 19, 2026

Contract Term

No fixed term; funds withdrawable with approximately one month’s notice

Renewal Info

Potential participation would not have a fixed term and could be adjusted or withdrawn with approximately one month’s notice, subject to program rules and reserve limits.

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