CONTRACTONGOING

Vanguard Continues Managing City Pension and OPEB Funds

Disclosed value: $189,000 annually (approximate total fees); From minutes
Document date: Dec 7, 2020

What it covers

Vanguard Institutional Advisory Services continues to manage Newark’s pension and OPEB investments under the City’s Investment Policy Statement, with combined annual fees of about $189,000 on approximately $99 million in assets. The engagement covers portfolio management, rebalancing, and advisory support to staff and the pension committee.

Who holds it

Vanguard Institutional Advisory Services holds this financial services contract with City of Newark. Its other public contracts on record include work for Portsmouth Water And Fire District and Town of Willistown.

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Contract details

Contract type: Financial Services
Amount: $189,000 annually (approximate total fees)
Document date: December 7, 2020
Vendor: Vanguard Institutional Advisory Services
Agency: City of Newark
Source document: city_of_newark_council_meeting_minutes_december_7.pdf (Minutes)

Vanguard Institutional Advisory Services's other public contracts

Portsmouth Water And Fire District, Rhode IslandVIAS Exiting OPEB Investment Advisory Role for District · Feb 20, 2024Undisclosed Town of Willistown, Pennsylvaniawillistown-township-agenda-2024-02-01-pdf_fa3.pdf · Feb 1, 2024Undisclosed Town of Willistown, Pennsylvaniawillistown-township-agenda-2024-02-01-pdf_fa3.pdf · Feb 1, 2024Undisclosed Town of Willistown, Pennsylvaniawillistown-township-agenda-2024-01-17-pdf_1b0.pdf · Jan 17, 2024Undisclosed New Castle County, DelawareVanguard Terminates OPEB Investment Advisory Contract · Jan 1, 2024Undisclosed All Vanguard Institutional Advisory Services contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Newark?

Vanguard Institutional Advisory Services was awarded this financial services contract by City of Newark, as recorded on December 7, 2020. The contract value is $189,000 annually (approximate total fees).

How much is the Vanguard Institutional Advisory Services contract with City of Newark worth?

The Vanguard Institutional Advisory Services contract with City of Newark is valued at $189,000 annually (approximate total fees), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in city_of_newark_council_meeting_minutes_december_7.pdf (Minutes), dated December 7, 2020 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Vanguard Institutional Advisory Services hold?

Vanguard Institutional Advisory Services may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Newark currently buying?

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

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