PFM Asset Management, LLC (PFM) is highly qualified and has a strong presence in this particular investment market.

PFM is a nationwide company that was founded in 1975 to provide independent financial advisory services to the public sector. PFM began providing investment advisory services to public entities in 1980. PFM provides investment advisory and plan administration consulting services to more than 120 defined benefit pension plans and Other Post-Employment Benefits (OPEB) plans – totaling $4.7 billion in assets as of June 30, 2017. PFM has local offices in San Francisco and serves many California local government agencies. In addition, PFM’s fee structure provided the lowest cost to the City.

On February 6, 2018, Council approved a services agreement between PFM and the City. (Staff report)  An investment policy and pension trust charter were also approved at that meeting. 

The Council has appointed a committee to provide oversight for the Trust Fund. Agendas and minutes of the pension trust investment committee will be posted here.

• Committee Charter
• Committee Bylaws