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FINANCIAL_SERVICESAPPROVED

University of Minnesota Finance & Operations Committee Agenda Packet February 2026

Debt Advisory Contract Assigned to Echo Financial Products LLC

University of Minnesota Board of RegentsECHO FINANCIAL PRODUCTS LLCFebruary 12, 2026

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Description

The University of Minnesota Board of Regents approved the assignment of its municipal debt advisory contract to Echo Financial Products LLC, which will continue providing financial advisory services after assuming the engagement from Janney Montgomery Scott LLC. The contract, first awarded in 2022, is now extended through June 30, 2026.

Contract Details

Vendor

ECHO FINANCIAL PRODUCTS LLC

Agency

University of Minnesota Board of Regents, MN

Contract Type

FINANCIAL_SERVICES

Document Date

February 12, 2026

Contract Term

July 1, 2022 through June 30, 2026 (current extension)

Renewal Date

2026-06-30

Renewal Info

Original contract awarded to Janney Montgomery Scott LLC for 3 years from July 1, 2022, with three optional one-year extensions. First extension exercised, current term ends June 30, 2026. Echo assumes all continuation terms.

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