City of La Porte Fiscal Affairs Committee Meeting Agenda April 27 2026
FHN Financial Manages Portion of City Portfolio
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Description
The City of La Porte utilizes FHN Financial as one of its investment firms, with the report showing an average return of 4.05 percent on securities it manages. FHN Financial shares the City’s portfolio allocation with Hilltop Securities.
Contract Details
Vendor
FHN FINANCIAL
Agency
La Porte Area Water Authority, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 25, 2026
Contract Term
As of FY 2026 second quarter (ongoing broker relationship)
Renewal Info
No specific renewal terms stated; relationship appears to be ongoing for brokerage and investment services.
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