Investment Advisory Services

The Vendor is required to provide investment advisor to provide comprehensive fixed income portfolio investment advisory services for the management of its restricted and reserve funds.
- Advisor will support the Trust in achieving its financial objectives while ensuring compliance with applicable laws, regulations and fiduciary standards.
- Portfolio Strategy & Management
•    Develop and recommend investment strategies tailored to the Trust’s restricted and reserve fund objectives, including legality, liquidity, capital preservation and return.
•    Assist in the management and investment of the Trust’s portfolio, including advice on structure, credit quality, maturity, and return optimization consistent with Trust policies.
•    Execute competitive solicitation and documentation of investment bids.
•    Provide gain/loss reporting, interest accruals, investment data transfer and account reconciliation support.
•    Provide trade tickets showing competitive bids for all executed investments.
•    Adhere to the Trust’s established approval process for executing the purchase and sale of securities.
•    Recommend changes in investment strategy as market conditions evolve.
•    Maintain real-time records of the Trust’s investment portfolio parallel to internal records.
- Compliance & Risk Management
•    Ensure all investment activities comply with NYS laws, Trust policies and applicable fund restrictions.
•    Monitor and report on portfolio risk exposures, including market, credit, and operational risks.
•    Assist in regulatory filings, audit support, and documentation required by state and federal agencies.
•    Develop expert familiarity with the Trust’s policies, procedures, operations, and objectives to ensure sound investment decisions.
•    Provide online access to investment portfolio reports, including earnings performance and trend analysis.
- Reporting & Communication
•    Provide clear, timely, and comprehensive reports to Trust staff.
•    Conduct no less than monthly discussions with Trust staff and/or Board members (via conference call or otherwise) regarding upcoming maturities, reinvestment recommendations, and general market conditions.
•    Meet with the Trust’s Finance & Investment Committee and/or Board Members, as requested, to report on portfolio performance or to respond to other questions.
•    Provide written reports on the status and performance of the Trust’s portfolio, including the Annual Investment Report required under the Public Authorities Act. 
•    Respond promptly to ad hoc inquiries and requests for analysis.
- Education & Advisory Support
•    Provide guidance on emerging market trends, ESG considerations, and regulatory developments.
•    As directed by the Trust, assist with other investment-related projects, such as special banking relationships and custodial arrangements.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 14, 2025