FINANCIAL_SERVICESONGOING

Authority portfolio managed through Schwab investment account

The Redevelopment Authority maintains its investment portfolio with Schwab, totaling approximately $2.8 million at year-end 2025 with $803,858 available for use. The Schwab-managed portfolio generated investment income that supports the Housing Trust Fund and other Authority activities.

Status
ONGOING
Document date
July 14, 2026
Contract type
FINANCIAL_SERVICES
Vendor
SCHWAB
Agency
City of Stevens Point · WI

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Derivita logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
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WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Ongoing investment relationship; principal of $2,000,000 in Fund 817 is to be kept intact while investment income may be transferred to other funds such as the Housing Trust Fund.
Document type
AgendaPacket
Source document
Redevelopment Authority of the City of Stevens Point Agenda Packet 2026-07-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Stevens Point?

SCHWAB was awarded this financial services contract by City of Stevens Point, as recorded on July 14, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Redevelopment Authority of the City of Stevens Point Agenda Packet 2026-07-14 (AgendaPacket), dated July 14, 2026 from City of Stevens Point. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SCHWAB hold?

SCHWAB 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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