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Moreton Asset Management tells Ammon council it will merge but service to city won’t change
Summary
Jordan Hansen of Moreton Asset Management briefed the Ammon City Council on the firm’s management of nearly $18.5 million in city funds and said Moreton will merge with a competitor; he told the council the change will not affect the city's relationship with the firm.
Jordan Hansen of Moreton Asset Management updated the Ammon City Council on the firm’s management of the city’s portfolio, saying Moreton currently manages just under $18.5 million on the city’s behalf and reviewed current treasury return rates.
Hansen said the firm plans to merge with a competitor but that the transaction "will not change anything for the City of Ammon," adding that the merger should not affect day‑to‑day management of the city’s assets. Councilors did not record further questions or objections during the presentation.
The presentation was informational; no council action was taken on investments at the meeting. Council members discussed TIPs priorities and upcoming local projects after the presentation.
