Investment Advisory Services

The vendor is required to provide investment advisor to be highly experienced, a leader and innovator in fixed income investments and able to provide comprehensive investment advisory services.
- General reporting
•    Information about current and historical characteristics of the portfolio, including book yield, total return, sector allocation, effective duration, maturity, duration distribution, and changes in market value; 
•    A detailed analysis of compliance with investment policy, state law, city charter provisions, and any other relevant statutory requirements; 
•    Summary of current economic and capital market conditions, and recommendations on strategies to optimize the portfolio's risk adjusted return profile; 
•    An evaluation of the city's securities lending program; 
•    An analysis of the total rate of return on the portfolio over different time periods, including; reporting month, 3-month, 6-month, 1-year, 3-year, 5- year and 10-year relative to its selected benchmark.
- City council reporting
•    Economic and capital market environment
•    Summary of investment activity
•    Compliance
•    Review and monitoring
•    Portfolio characteristics
•    Investment performance
•    Charts and tables
- Advice on investment options
•    Provide ongoing advice on strategic {long-term) or tactical {short-term) adjustments to portfolio duration, sector allocation and exposure to credit risk
•    Provide a complete analysis of the effects of any changes in the government code to the city's portfolio. 
•    Any advice shall be accompanied by a clear explanation of the rationale for the suggestion, a quantitative analysis of the benefits and risks, and a recommended timeline for its implementations.
- Measuring return in the city's portfolio
•    Advisor shall implement performance reporting on the basis of the total rate of return, as well as yield, or book return reporting. 
•    Advisor shall input all of the city's transactions into its portfolio accounting and reporting system and generate comprehensive total return information, prepared in accordance with industry standards including IDC pricing.
- Historical records
•    Advisor must maintain accurate reports, including portfolio composition, interest payments, yield and total return calculations and sector allocations of investment portfolio. 
•    Records must be available for the term of the contract for periodic review and audit and retained up to three years after the termination of the contract.
- Credit monitoring
•    Advisor is expected to monitor the creditworthiness of financial institutions with which the city conducts business.
- Compliance monitoring
•    Advisor is expected to monitor compliance to the city’s investment policy and investment guidelines, as well as the applicable state government code.
- Budget: One million two hundred thousand dollars ($1,200,000).

- Contract Period/Term: 5 years
- Mandatory Proposers’ Conference Date: August 20, 2025
- Questions/Inquires Deadline: September 25, 2025