Investment Consulting Administrator Services

The vendor required to provide investment advisory services to manage the day-to-day administration of the city’s employee deferred compensation investment portfolio.
- Requirement:
1. Investment consulting
•    Maintain a customized investment policy statement, including best practice recommendations based on legislative changes and judicial findings. 
•    Provide quarterly and annual investment reviews detailing individual options and aggregate performance.
•    Analyze investments per the investment policy statement methodology. 
•    Recommend fund additions, removals, and replacements including watch list maintenance. 
•    Meet with the investment committee at least four times per year. 
•    Serve as a fiduciary.
2. Administration consulting
•    Organize and schedule meetings, including agendas and minutes distinguishing fiduciary and settlor functions. 
•    Maintain an update committee charter and bylaw. 
•    Provide an annual report summarizing committee actions. 
•    Provide an e-library to store meeting documents and provide password protected access to committee members. 
•    Provide quarterly vendor fee benchmarking and assist with contract negotiation. 
•    Collaborate with mission square and the city to ensure effective communication.
3. Other requirements
•    Comply with all applicable federal, state, and local laws and regulations. 
•    Maintain appropriate licensing and insurance in state.
4. Fees
•    Include an itemized list of services and associated fees. 
•    Identify any additional potential charges not included in the base pricing.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: January 20, 2026