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Town of Palm Beach Awards Financial Services Contract to PIMCO (November 2025)

Town of Palm Beach logoTown of Palm Beach
Disclosed value
Approximately $1.4 million (3% of Domestic Equity Fund) reallocated (shared with Galliard Intermediate Bond Fund)
From agenda
Approved
Nov 14, 2025

The 30-second brief

What it covers

The Town of Palm Beach Investment Advisory Committee authorized reallocating about $1.4 million from the Domestic Equity Fund to be split between the Galliard Intermediate Bond Fund and PIMCO, boosting PIMCO-managed fixed income holdings in the OPEB Trust. The decision follows Mariner’s asset allocation recommendation.

Who holds it

PIMCO holds this financial services contract with Town of Palm Beach. Its other public contracts on record include work for Public Employees Retirement System of Mississippi and Oklahoma Firefighters Pension and Retirement System | State of Oklahoma.

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Contract details

Contract type
Financial Services
Amount
Approximately $1.4 million (3% of Domestic Equity Fund) reallocated (shared with Galliard Intermediate Bond Fund)
Document date
November 14, 2025
Vendor
PIMCO
Agency
Town of Palm Beach
Source document
Town of Palm Beach Investment Advisory Committee Meeting Agenda November 2025 (Agenda)

PIMCO's other public contracts

Public Employees Retirement System of Mississippi, MississippiPIMCO Scheduled for Mississippi PERS Investment Presentation · Oct 27, 2026UndisclosedOklahoma Firefighters Pension and Retirement System | State of Oklahoma, OklahomaBoard Schedules Investment Manager Discussion With PIMCO · Oct 16, 2026UndisclosedNorwalk Police Department, ConnecticutNorwalk Pension Board Reviews PIMCO Investment Strategy · Oct 14, 2026UndisclosedCity of Clearwater, FloridaClearwater Pension Trustees Consider $30 Million PIMCO Investment · Oct 5, 2026Mendocino County Employees Retirement Association, CaliforniaPIMCO Manages Retirement Fund Fixed-Income Portfolio · Sep 30, 2026UndisclosedAll PIMCO contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by Town of Palm Beach?

PIMCO was awarded this financial services contract by Town of Palm Beach, as recorded on November 14, 2025. The contract value is Approximately $1.4 million (3% of Domestic Equity Fund) reallocated (shared with Galliard Intermediate Bond Fund).

How much is the PIMCO contract with Town of Palm Beach worth?

The PIMCO contract with Town of Palm Beach is valued at Approximately $1.4 million (3% of Domestic Equity Fund) reallocated (shared with Galliard Intermediate Bond Fund), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Palm Beach Investment Advisory Committee Meeting Agenda November 2025 (Agenda), dated November 14, 2025 from Town of Palm Beach. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does PIMCO hold?

PIMCO 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 Town of Palm Beach currently buying?

Explore Town of Palm Beach's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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