Vanguard provides advisory services to OPEB Trust
New Castle CountyCounty · New Castle, DE- Disclosed value
- Estimated annual fees and expenses $83,220 (includes $51,463 investment management fee and $31,757 fund expenses)
- From report
- Document date
- Dec 31, 2019
The 30-second brief
New Castle County’s OPEB Trust retains Vanguard Institutional Advisory Services to provide investment advisory and portfolio management services under a tiered fee schedule totaling an estimated $83,220 annually on $51.5 million in assets. Advisory fees are applied quarterly based on asset levels and include both management fees and underlying fund expenses.
Vanguard Institutional Advisory Services holds this financial services contract with New Castle County. Its other public contracts on record include work for Portsmouth Water And Fire District and Town of Willistown.
Term as filed: Fee schedule based on asset tiers up to $51,543,054 as of December 31, 2019; investment management fees invoiced or swept quarterly.
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Contract details
- Contract type
- Financial Services
- Amount
- Estimated annual fees and expenses $83,220 (includes $51,463 investment management fee and $31,757 fund expenses)
- Document date
- December 31, 2019
- Term
- Fee schedule based on asset tiers up to $51,543,054 as of December 31, 2019; investment management fees invoiced or swept quarterly
- Agency
- New Castle County
- Source document
- New Castle County OPEB Trust Annual Report CY 2019 (Report)
Vanguard Institutional Advisory Services's other public contracts
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Questions about this contract
Who was awarded the financial services contract by New Castle County?
Vanguard Institutional Advisory Services was awarded this financial services contract by New Castle County, as recorded on December 31, 2019. The contract value is Estimated annual fees and expenses $83,220 (includes $51,463 investment management fee and $31,757 fund expenses).
How much is the Vanguard Institutional Advisory Services contract with New Castle County worth?
The Vanguard Institutional Advisory Services contract with New Castle County is valued at Estimated annual fees and expenses $83,220 (includes $51,463 investment management fee and $31,757 fund expenses), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in New Castle County OPEB Trust Annual Report CY 2019 (Report), dated December 31, 2019 from New Castle County. 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 New Castle County currently buying?
Explore New Castle County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.