FINANCIAL_SERVICESAWARDED

City of Santa Clarita Awards Financial Services Contract to Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc (June 2026)

Santa Clarita intends to award a three-year, up to $825,000 investment management and advisory services contract to PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. The agreement includes two potential one-year renewals at up to $275,000 annually to manage the City’s idle funds within statutory requirements.

Status
AWARDED
Document date
June 23, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc
Agency
City of Santa Clarita · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $275,000 annually; total not to exceed $825,000 for initial 3-year term
Contract type
FINANCIAL_SERVICES
Contract term
Three-year contract for Fiscal Years 2026-27, 2027-28, and 2029-30, with up to two additional one-year renewal options
Renewal
Contract includes up to two additional one-year renewal options beginning in year four, each not to exceed $275,000 annually plus adjustments for changes in portfolio size per the fee schedule.
Document type
Agenda
Source document
City of Santa Clarita City Council Regular Meeting Agenda 2026-06-23

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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 Santa Clarita?

Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc was awarded this financial services contract by City of Santa Clarita, as recorded on June 23, 2026. The contract value is Not to exceed $275,000 annually; total not to exceed $825,000 for initial 3-year term.

How much is the Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc contract with City of Santa Clarita worth?

The Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc contract with City of Santa Clarita is valued at Not to exceed $275,000 annually; total not to exceed $825,000 for initial 3-year term, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Santa Clarita City Council Regular Meeting Agenda 2026-06-23 (Agenda), dated June 23, 2026 from City of Santa Clarita. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc hold?

Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc 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 Pfm Asset Management a Division of U.s. Bancorp Asset Management Inc's profile

What is City of Santa Clarita currently buying?

Explore City of Santa Clarita's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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