Investment Management and Custody Services

The vendor required to provide investment management and custody services for include:
- Investment and custodial services
•    Investment services in accordance with the cemetery fund investment policy approved by the commission.
•    The capability of providing active investment management by holding and managing investments in individual income producing securities such as stocks, bonds, ETFS, REITS, etc.
•    Provides passive management of client funds and whether it could use such a passive approach while meeting the fund’s requirement that securities be income-producing.
•    Investment services in compliance with all city, federal, and state of laws.
•    Action on behalf of the commission in response to any pending and active corporate actions regarding subscriptions, conversion privileges, issuance of rights, mergers, reorganizations, and other actions requiring a decision by the city and applicable legislative actions.
•    Custody services for the portfolio which shall include, but not be limited to:
o    Custodial services, 
o    Trade settlement, 
o    Performance measurement,
o    Compliance reporting, 
o    Proxy voting, and 
o    Maintaining a comprehensive database accounting system to account for and report the transactions associated with the entire cemetery fund portfolio.
- Budget: $12,923,297

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: December 19, 2025