Investment Advisory Services

The Vendor is required to provide investment advisory firms (Respondents) to provide discretionary or non-discretionary investment advisory and portfolio management services for agency operating funds, reserves, and other investable assets.
- The preference is for the portfolio management services to be provided on a non-discretionary basis; however, the concept of a discretionary management program or hybrid of the two approaches can be considered.
- Develop and implement strategies that prioritize safety, liquidity, and yield, tailored to the agency Liquidity and Investment Components and to each designated portfolio.
- Recommend and manage investments only within the authorized investment universe and within all credit, maturity, diversification, and concentration limits in the agency Investment Policy, including for bond proceeds and restricted funds.
- Measure and report performance for each portfolio and sub account against appropriate benchmarks, and provide regular written reports on holdings, performance, risk metrics, compliance with policy limits, and market conditions, along with presentations to staff and the Board
- Coordinate closely with agency staff on cash flow forecasting to ensure sufficient short-term and project-specific liquidity, structuring maturities and portfolio ladders to meet operating, capital, and debt service needs.
- Assist with the periodic review and recommended updates of the agency Investment Policy and investment strategies.

- Contract Period/Term: 5 years
- Questions/Inquires Deadline: January 30, 2026