Reno-Tahoe Airport Authority Agenda 2026-05-21
RTAA Awards Investment Advisory Contract to PFM Asset Management
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Description
RTAA Board approved a five-year investment advisory contract with PFM Asset Management (U.S. Bancorp division) at an estimated $129,500 per year, with options to extend for up to four additional years. The agreement supports RTAA’s operating and bond portfolios.
Contract Details
Contract Amount
Estimated $129,500 per year (minimum $40,000 annually); up to $647,500 over five years; two 2-year extension options
Vendor
PFM ASSET MANAGEMENT DBA U.S. BANCORP ASSET MANAGEMENT INC
Agency
Reno-Tahoe Airport Authority, NV
Contract Type
FINANCIAL_SERVICES
Document Date
May 21, 2026
Contract Term
Five years (July 1, 2026 – June 30, 2031), with two additional two-year extension options
Renewal Date
2031-06-30
Renewal Info
Five-year base term (July 2026–June 2031), with two options to extend for two years each, at Board discretion.
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