City of Reno Quarterly Investment Report February 2026
PFM Asset Management Continues as City of Reno Investment Advisor
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Description
The City of Reno retains PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc., to manage its $408 million investment portfolio. PFM provides ongoing portfolio management and financial advisory services for city funds.
Contract Details
Contract Amount
$408,126,893 (managed assets for the City of Reno as of December 31, 2025)
Vendor
PFM ASSET MANAGEMENT DBA U.S. BANCORP ASSET MANAGEMENT INC
Agency
City of Reno, NV
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
Ongoing, as of report date December 31, 2025
Renewal Info
Ongoing contract; standard public-sector advisory agreement. No amendment or renewal noted for this period.
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