Overview:
Aimeliik State has established a new Trust Fund, managed by Raymond James & Associates in Guam, to help secure the state’s long-term financial stability. An initial $150,000 investment will grow over time, with all earnings reinvested in the first decade to strengthen the fund for future generations.
By: L.N. Reklai
AIMELIIK, Palau (October 2025) — Aimeliik State has established a Trust Fund under state law ASPL 13-08 and selected Raymond James & Associates in Guam to manage it.
The Aimeliik State Trust Fund is intended to strengthen the state’s financial position and provide a steady source of income for future government operations. The agreement with Raymond James & Associates was signed last week during Palau’s Independence Day celebration in Guam, attended by Aimeliik Governor Browny Simer and members of the Aimeliik State Legislature.
An initial deposit of $150,000 was made to start the fund. Aimeliik’s fiscal year 2025 budget shows that the state currently has more than $1.4 million in its reserve account.
Under the state law, all income generated from the Trust Fund during the first ten years must be reinvested into the fund’s principal. After ten years, 90% of annual income will continue to be reinvested, while 10% may be transferred to the state’s general fund for use as authorized by law.
The law also prohibits any withdrawal or spending of the Trust Fund’s principal, except for reinvestment or other uses specifically permitted by legislation.
Raymond James & Associates is required to submit an annual report to the Governor and Legislature detailing the Trust Fund’s balances, income, investments, and major actions each year.
Governor Simer said the new Trust Fund is a big step toward making sure Aimeliik stays financially stable and secure for the years ahead.