Rhode Island Office of the General Treasurer

State Government Treasury and Financial Administrationri.gov

The Rhode Island Office of the General Treasurer is a constitutionally created state office that manages the state's pension fund (~$10.79B AUM as of Dec 2021), administers the CollegeBound Saver 529, YourMoney unclaimed property, Crime Victims Compensation, and Infrastructure Bank programs, and serves Rhode Island residents, employees, retirees, and beneficiaries under statutory authority.

Company typePrivate
Founded-
HeadquartersProvidence, United States
Headcount—
GTM typeB2C
OfferingServices

What Rhode Island Office of the General Treasurer does

The Rhode Island Office of the General Treasurer is a constitutionally created state government office, headed by an elected General Treasurer, that manages the financial affairs and certain statutory programs of the State of Rhode Island. The office administers the state's pension fund (approximately $10.79 billion in assets under management as of December 2021), the CollegeBound Saver 529 college savings program, the YourMoney unclaimed property program, the Crime Victims Compensation program, and provides oversight coordination with the Rhode Island Infrastructure Bank. It also serves as the state's banking officer and custodian of public funds.

The office's service population comprises Rhode Island residents, state and municipal employees, retirees and pension beneficiaries, crime victims, holders of unclaimed property, and families saving for higher education. Unlike a private financial institution, the office does not generate revenue through fees or market activity; it is funded through state budget appropriations and operates under authority granted by Rhode Island state law and the state constitution.

Operationally, the office combines investment stewardship, custodial banking, program administration, and public outreach functions. Recent leadership transitioned from Treasurer Seth Magaziner to Treasurer James Diossa. The office's competitive position is defined entirely by its constitutional and statutory mandate, with no commercial substitutes within the state, and its scope is bounded by legislative action rather than market expansion.

Rhode Island Office of the General Treasurer firmographics

Firmographics

Name: Rhode Island Office of the General Treasurer
Legal name: State of Rhode Island - Office of the General Treasurer
Website: https://ri.gov
Company type: Private
Operating status: Operating
Short description: The Rhode Island Office of the General Treasurer is a constitutionally created state office that manages the state's pension fund (~$10.79B AUM as of Dec 2021), administers the CollegeBound Saver 529, YourMoney unclaimed property, Crime Victims Compensation, and Infrastructure Bank programs, and serves Rhode Island residents, employees, retirees, and beneficiaries under statutory authority.
Ownership category
akta.pro rank

Rhode Island Office of the General Treasurer industry classification

Industry

Product category: State Government Treasury and Financial Administration
NAICS: Public Finance Activities (921130), Pension Funds (525110)
SIC: Finance Services (6199)
akta.pro primary industry: Treasury & Cash Management (BPAIAEAB)
akta.pro secondary industries: Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK), Pensions & Retirement Benefits Administration (BPAIAKAA), Executive Office / Cabinet Secretariat (BPAIAAAA)

Keywords

State treasury management
Pension fund administration
Unclaimed property services
Education savings 529
Government financial services

Where Rhode Island Office of the General Treasurer is headquartered

Location

Headquarters

HQ city: Providence
HQ country: United States
HQ region: North America

Offices1 record

Markets served

Rhode Island Office of the General Treasurer business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

Pension Fund Management: The office manages the Rhode Island Employees' Retirement System pension fund, which reached $10.79 billion as of December 2021. Returns on investment support state employee retirement benefits.
Unclaimed Property: The unclaimed property division returns dormant assets to rightful owners, operating the YourMoney program which automatically sends checks to eligible claimants.
CollegeBound Saver 529 Program: Administering Rhode Island's 529 education savings plan, CollegeBound Saver, which helps families save for education expenses.
Rhode Island Infrastructure Bank: Managing the state infrastructure bank which has invested over $734 million in clean energy projects and infrastructure improvements.
Crime Victims Compensation Program: Administering compensation to crime victims for related expenses.

Pricing tiers

Model	Billing	Price
Subscription	Annual	RI.gov Subscriber Services - Annual subscription for business partners

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Rhode Island Office of the General Treasurer product offering

Product offering

Core offering

The Rhode Island Office of the General Treasurer is a state constitutional office that manages the state's pension fund (Employees' Retirement System of Rhode Island), administers the CollegeBound Saver 529 education savings program, returns unclaimed property to citizens through the YourMoney program, administers the Crime Victims Compensation Program, and oversees the Rhode Island Infrastructure Bank's investments in clean energy and infrastructure projects.

Product overview

The Rhode Island Office of the General Treasurer manages a portfolio of financial programs and services including the state pension fund (ERSRI), 529 education savings plans, unclaimed property recovery, infrastructure financing, and victim compensation. The office operates under a Back-to-Basics investment strategy for pension management and partners with Tyler Technologies for government transaction services including DMV, Secretary of State, and licensing operations accessible through the RI.gov subscriber platform.

Differentiator

Problem solved

Functional benefit

Brands

CollegeBound Saver: Rhode Island's 529 savings program for education savings
Crime Victims Compensation Program
YourMoney

Products and services

Employees' Retirement System of Rhode Island (ERSRI) Pension Fund
CollegeBound Saver
YourMoney (Unclaimed Property Program)
Crime Victims Compensation Program
Rhode Island Infrastructure Bank
RI.gov Subscriber Services

Quantifiable outcome

Pension fund reached $10.79 billion, up from $10 billion milestone in April 2021
+5 more outcomes

Companies that use Rhode Island Office of the General Treasurer

Customer profile

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Rhode Island Office of the General Treasurer technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Rhode Island Office of the General Treasurer partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and minor.

Tyler TechnologiescoreTechnology or IntegrationTyler Technologies provides the RI.gov subscriber platform infrastructure. RI.gov can be reached by phone at (401) 831-8099 or by email at [email protected]. Tyler Technologies powers the subscriber portal used for DMV transactions, Secretary of State filings, and hunting/fishing licenses.
Citizens BankcoreStrategic or Co-development PartnerCitizens Bank co-hosts College Bound events with the Treasurer's Office for high school students. Partnership supports financial education and 529 savings program promotion across Rhode Island schools.
Rhode Island Department of Education (RIDE)coreStrategic or Co-development PartnerCollaboration on School Construction Task Force and financial literacy initiatives. Commissioner Angélica Infante-Green partners with Treasurer on education-related programs including $50,000 financial literacy grant from Next Gen Personal Finance.
Next Gen Personal FinanceminorGTM or Marketing PartnerProvided $50,000 financial literacy grant to advance financial literacy education for Rhode Island students.
Rhode Island Commerce CorporationcoreStrategic or Co-development PartnerPartnership for Rhode Island Infrastructure Bank operations, economic development initiatives, and small business support programs including Restore RI grants.
Nonviolence InstituteminorStrategic or Co-development PartnerPartnership to raise awareness of Crime Victims Compensation Fund and support crime victims in the community.

Scale indicators6 records

Recent moves3 records

Expansion highlights3 records

Rhode Island Office of the General Treasurer competitors and assessment

Company assessment

Direct peers

Texas Comptroller of Public Accounts: Texas's comptroller manages state revenue, treasury operations, and the state's unclaimed property program, making it a functional peer for treasury and unclaimed-property operations.
Connecticut State Treasurer: Connecticut's state treasurer manages the state pension and trust funds, debt, and unclaimed property, performing an essentially identical role to Rhode Island's General Treasurer in another small New England state.
Massachusetts State Treasurer's Office: Neighboring New England state treasurer office managing a state pension system, debt issuance, and unclaimed property — the closest functional peer to Rhode Island's Office of the General Treasurer.
Pennsylvania Treasury Department: Pennsylvania's Treasury manages two state pension funds (SERS and PSERS), the PA 529 program, and unclaimed property — a multi-program peer highly comparable in scope to Rhode Island's portfolio.
Virginia Department of the Treasury: Virginia's Treasury manages the Virginia Retirement System, unclaimed property, and banking services for state agencies — a smaller-state peer with a similar mix of pension, unclaimed property, and treasury services.
California State Treasurer's Office: California's state treasurer administers the nation's two largest public pension systems (CalPERS/CalSTRS-adjacent oversight), debt issuance, and unclaimed property — a much larger but structurally identical peer to Rhode Island.
New Jersey Department of the Treasury: New Jersey's Treasury oversees multiple state pension systems, unclaimed property, and a public infrastructure financing role — structurally analogous to the Rhode Island Office of the General Treasurer.
Ohio Treasurer of State: Ohio's independently elected treasurer administers state investments, the 529 plan (CollegeAdvantage), and unclaimed funds, mirroring the multiple-program structure of Rhode Island's General Treasurer.
New York State Comptroller: Manages the New York State and Local Retirement System (~$250B+), state payroll, and unclaimed funds; the largest U.S. example of a state-level pension/treasury officer and a clear structural analog.

Broad incumbents

Florida Department of Financial Services: Florida's Chief Financial Officer oversees state unclaimed property, treasury functions, and insurance regulation — a broader-scope state finance peer with overlapping programs (notably unclaimed property).

Market position

Strengths5 records

Weaknesses1 record

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Rhode Island Office of the General Treasurer compliance and trust

Trust signal

Compliance1 record

Rhode Island Office of the General Treasurer financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Rhode Island Office of the General Treasurer leadership team

Management profile

Number of profiles

Profiles1 record

Rhode Island Office of the General Treasurer funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Rhode Island Office of the General Treasurer M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rhode Island Office of the General Treasurer

What does Rhode Island Office of the General Treasurer do?

Is Rhode Island Office of the General Treasurer a public or private company?

Rhode Island Office of the General Treasurer is a private company. It is classified as state government owned and is currently operating.

When was Rhode Island Office of the General Treasurer founded?

Rhode Island Office of the General Treasurer was founded in -1.

Where is Rhode Island Office of the General Treasurer based?

Rhode Island Office of the General Treasurer is headquartered in Providence, United States, in the North America region.

How does Rhode Island Office of the General Treasurer make money?

Five revenue lines are on record. Pension Fund Management is the primary driver. The others are unclaimed Property, collegeBound Saver 529 Program, rhode Island Infrastructure Bank and crime Victims Compensation Program.

Who are Rhode Island Office of the General Treasurer's main competitors?

Direct peers on record are Texas Comptroller of Public Accounts, Connecticut State Treasurer, Massachusetts State Treasurer's Office, Pennsylvania Treasury Department, Virginia Department of the Treasury, California State Treasurer's Office, New Jersey Department of the Treasury, Ohio Treasurer of State and New York State Comptroller. Florida Department of Financial Services is listed as a broad incumbent.

Does Rhode Island Office of the General Treasurer have an API?

No public API is recorded for Rhode Island Office of the General Treasurer.

What industry is Rhode Island Office of the General Treasurer in?

Rhode Island Office of the General Treasurer's product category is State Government Treasury and Financial Administration. Its primary akta.pro industry code is BPAIAEAB, Treasury & Cash Management, with a secondary code of FSAAAGAK, Taft-Hartley / Labor Union & Public Sector Retirement Systems. Its NAICS code is 921130 and its SIC code is 6199.