FINANCIAL_SERVICESRECOMMENDED

Schwab Custodial Account Proposed for Student Fund

The Finance Committee recommended opening a Charles Schwab custodial account, under Fund Evaluation Group LLC, to support the new student‑managed Westfield Student Investment Fund. The fund will launch with an initial $25,000 investment provided by the university foundation.

Status
RECOMMENDED
Document date
June 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Charles Schwab
Agency
Westfield State University · MA

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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Custodial and brokerage relationship to be established for the student investment fund; term and renewal provisions are not specified in the motion.
Document type
AgendaPacket
Source document
Westfield State University Board of Trustees Finance Committee Agenda Packet 2026-06-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Westfield State University?

Charles Schwab was awarded this financial services contract by Westfield State University, as recorded on June 11, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Westfield State University Board of Trustees Finance Committee Agenda Packet 2026-06-11 (AgendaPacket), dated June 11, 2026 from Westfield State University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Charles Schwab hold?

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