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Board Extends Pricing and Assigns Verus Advisory Contract

City of Pasadena logoCity of Pasadena
Document date
May 20, 2026

The 30-second brief

What it covers

The Board directed staff to negotiate a price extension with Verus Investments for ongoing investment advisory services while also approving assignment of the agreement to Cerity Partners. Verus continues to provide services through the transition, including recommending a $1,600,000 May–June 2026 rebalance and withdrawal.

Who holds it

Verus Investments holds this financial services contract with City of Pasadena.

What happens next

Term as filed: Existing advisory contract with remaining two years referenced; May–June 2026 rebalance period noted.

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Contract details

Contract type
Financial Services
Document date
May 20, 2026
Term
Existing advisory contract with remaining two years referenced; May–June 2026 rebalance period noted
Vendor
Verus Investments
Agency
City of Pasadena
Source document
Pasadena Fire & Police Retirement System Agenda 2026-05-20 (Agenda)

Verus Investments's other public contracts

City of Pasadena, CaliforniaBoard Authorizes Price Extension Talks with Verus · May 20, 2026UndisclosedCity of Pasadena, CaliforniaBoard Approves $1.98M Rebalance per Verus Advice · May 20, 2026City of Pasadena, CaliforniaBoard Consents to Assign Verus Advisory Contract · May 20, 2026UndisclosedCity of Pasadena, CaliforniaVerus Guides Portfolio Rebalance and Invesco Exit · Mar 18, 2026UndisclosedCity of Pasadena, CaliforniaBoard Approves $1.98M Rebalance Recommended by Verus · Mar 18, 2026All Verus Investments contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Pasadena?

Verus Investments was awarded this financial services contract by City of Pasadena, as recorded on May 20, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Pasadena Fire & Police Retirement System Agenda 2026-05-20 (Agenda), dated May 20, 2026 from City of Pasadena. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Verus Investments hold?

Verus Investments may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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