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FINANCIAL_SERVICESAPPROVED

University of Minnesota Finance & Operations Committee Agenda Packet February 2026

Debt Advisory Contract Assigned to Echo Financial Products LLC

University of Minnesota Board of RegentsECHO FINANCIAL PRODUCTS LLCFebruary 12, 2026

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Description

The University of Minnesota approved the assignment of its municipal debt advisory services contract to Echo Financial Products LLC, effective immediately. Echo assumes all contract rights and obligations originally held by Janney Montgomery Scott LLC, providing continuity for upcoming debt transactions through June 30, 2026.

Contract Details

Vendor

ECHO FINANCIAL PRODUCTS LLC

Agency

University of Minnesota Board of Regents, MN

Contract Type

FINANCIAL_SERVICES

Document Date

February 12, 2026

Contract Term

July 1, 2022 – June 30, 2026 (plus three additional one-year extensions possible)

Renewal Date

2026-06-30

Renewal Info

Contract initially awarded to Janney Montgomery Scott LLC via competitive bid; first extension exercised through June 30, 2026; assignment due to team transition to Echo Financial Products LLC after Janney's acquisition by Huntington Bancshares. Up to two more one-year extensions possible.

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