FINANCIAL_SERVICESONGOING

Ionia County Board of Commissioners Meeting Agenda April 2026

County Pension Assets Managed by Milestone Wealth Management

0.24% per year (e.g., $32,256.73 in 2025 fee billings)Ionia CountyMILESTONE WEALTH MANAGEMENTApril 28, 2026

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Description

Ionia County continues its engagement with Milestone Wealth Management to manage the Ionia County Pension Plan, paying a 0.24% annual advisory fee billed quarterly on plan assets. The arrangement includes active portfolio management, rebalancing, and cash-flow planning for pension benefit payments.

Contract Details

Contract Amount

0.24% per year (e.g., $32,256.73 in 2025 fee billings)

Vendor

MILESTONE WEALTH MANAGEMENT

Agency

Ionia County, MI

Contract Type

FINANCIAL_SERVICES

Document Date

April 28, 2026

Contract Term

Ongoing advisory relationship; fees billed quarterly (e.g., 1/1/2025–3/31/2025, 4/1/2025–6/30/2025, 7/1/2025–9/30/2025, 10/1/2025–12/31/2025)

Renewal Info

Advisory fee arrangement is asset-based at 0.24% annually, billed quarterly, with no explicit end date stated; relationship appears to be open-ended and subject to ongoing review by the Board. Broker-dealer for the account transitioned from Commonwealth to Cetera Wealth Services while maintaining NFS as custodian.