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Glens Falls boards commit up to $2,000 each toward shared investment-advisory service
Glens Falls Civic Development Corporation / Industrial Development Agency / Local Development Corporation / Urban Renewal Agency (Joint Annual Meetings) · March 20, 2026
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Summary
Boards approved participation in a pooled investment-advisory service (Cash Vest) with the city and partner agencies and authorized contributions of up to $2,000. Staff said fees would be paid only if the vendor finds net savings or improved returns.
Several Glens Falls agencies voted March 19 to join a shared investment-advisory arrangement with the city and to authorize a contribution (capped at $2,000) to cover the initial cost of the service.
Jeff Flagg, the agencies' CEO, described the arrangement as a shared service across the…
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