Borough of Franklin Awards Financial Services Contract to Charles Schwab Institutional (January 2025)

Franklin Park Borough designated Charles Schwab Institutional as an official depository for Borough funds for calendar year 2025. This action authorizes use of Schwab for holding and investing municipal monies.

Document date · January 15, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Calendar year 2025

Renewal date

2025-12-31

Renewal

Designation is for 2025; future-year designations must be reauthorized by Council.

Document type

Meeting Minutes

Source document

borough-of-franklin-meeting-minutes-2025-01-15_219.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Franklin?

Charles Schwab Institutional was awarded this financial services contract by Borough of Franklin, as recorded on January 15, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in borough-of-franklin-meeting-minutes-2025-01-15_219.pdf (Meeting Minutes), dated January 15, 2025 from Borough of Franklin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Charles Schwab Institutional hold?

Charles Schwab Institutional may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Charles Schwab Institutional's profile

What is Borough of Franklin currently buying?

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