FINANCIAL_SERVICESAPPROVED

Escambia County School District Awards Financial Services Contract to Fai Capital Management Inc (October 2025)

The School Board of Escambia County, Florida is entering into a three‑year Investment Advisory Services Portfolio Management Agreement with FAI Capital Management, Inc. to manage debt issuance proceeds and other public funds. Compensation is set at 0.125% per annum of assets under management with a minimum of $3,000 per quarter per bond‑proceeds account, plus defined hourly rates for special projects and potential additional fees for structured products. The agreement begins October 22, 2025 and may be renewed annually by mutual consent.

Status
APPROVED
Document date
October 22, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Fai Capital Management Inc
Agency
Escambia County School District · FL

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
0.125% per annum, subject to a minimum fee of $3,000 per quarter; additional hourly rates of $275/$225/$125 for special projects; structured product fees not to exceed that allowed by regulation
Contract type
FINANCIAL_SERVICES
Contract term
October 22, 2025 for a period of three (3) years and renewed annually by mutual agreement
Renewal date
2028-10-22
Renewal
Initial three‑year term effective October 22, 2025, then renewed annually by mutual agreement. Client may terminate at any time with 30 days’ written notice; advisor may terminate immediately for material breach or after one year with 30 days’ written notice. Upon termination, advisory fees are prorated to the number of days in the quarter.
Document type
Agreement
Source document
The School Board of Escambia County, Florida Investment Advisory Services Portfolio Management Agreement 2025-10-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Escambia County School District?

Fai Capital Management Inc was awarded this financial services contract by Escambia County School District, as recorded on October 22, 2025. The contract value is 0.125% per annum, subject to a minimum fee of $3,000 per quarter; additional hourly rates of $275/$225/$125 for special projects; structured product fees not to exceed that allowed by regulation.

How much is the Fai Capital Management Inc contract with Escambia County School District worth?

The Fai Capital Management Inc contract with Escambia County School District is valued at 0.125% per annum, subject to a minimum fee of $3,000 per quarter; additional hourly rates of $275/$225/$125 for special projects; structured product fees not to exceed that allowed by regulation, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agreement record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in The School Board of Escambia County, Florida Investment Advisory Services Portfolio Management Agreement 2025-10-22 (Agreement), dated October 22, 2025 from Escambia County School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fai Capital Management Inc hold?

Fai Capital Management Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Fai Capital Management Inc's profile

What is Escambia County School District currently buying?

Explore Escambia County School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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