Debt Advisory Contract Assigned to Echo Financial Products LLC
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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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