City of Kentwood Commission Meeting Agenda Packet May 11 2026
Kentwood Maintains $62.3 Million in Investments at Wells Fargo Advisors
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Description
Kentwood maintains $62.3 million in pooled investments with Wells Fargo Advisors as of March 31, 2026, primarily in GNMA and U.S. Treasury securities and CDs. These holdings support the City’s long-term investment strategy for public funds.
Contract Details
Contract Amount
$62,307,609 (balance as of March 31, 2026)
Vendor
WELLS FARGO ADVISORS
Agency
City of Kentwood, MI
Contract Type
FINANCIAL_SERVICES
Document Date
May 11, 2026
Renewal Info
Investment brokerage relationship is ongoing; no explicit renewal terms in document.
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