Investment Advisory Services

The Vendor is required to provide non-discretionary Investment Advisory Services to assist in managing its investments portfolio.
- Services required shall include the selection and implementation of appropriate investment transactions, advising on the daily management of the City’s portfolio, and regular reporting of all investment transactions.
- Government has a need for investment advisory services, focusing on both short and long-term investments.
- Investment of City funds will be further controlled by the terms of the City’s applicable bond resolutions.
- Work with the City’s Finance Director or designated finance staff to place all orders for the purchase and sale of securities, communicate potential transaction information to the Finance Director or other designated finance staff prior to any transaction and assist in coordinating security settlement with the custodian.
- Work with finance staff to develop a detailed cash flow analysis and projections to ensure that the investment strategy is consistent with cash requirements. In addition, work with capital budget and accounting staff and assist in the development of project expenditure schedules for the purpose of developing an investment plan for all capital funds including bond proceeds.
- Serve as a general resource to the finance staff for information, advice and training regarding fixed income securities, investments, and Treasury operations.
- These reports must include a mark-to-market valuation as required by GASB 31 and 40. The selected Investment Advisor must maintain accurate reports of investments including the diversity of investments and compliance with applicable investment policies of the City and state general statutes.
- Provide quarterly investment reports including a description of market conditions, investment strategies employed performance and suggested changes to investment strategy. The performance numbers shall be prepared and presented in compliance with the Global Investment Performance Standards.
- Meet with finance staff, at a minimum, on a quarterly basis.
- Monitor the credit worthiness of financial institutions and investments in the portfolio.
- Review the City’s investment policies and recommend changes and improvements where appropriate.
- Work with existing custodian/trustee or establish new relationships as necessary to assure the safekeeping of investment securities as well as collateral held as security for secured investments.
- Interface with the City’s trustee and City staff to assure the coordination of investments, delivery of securities and availability of funds as needed.
- As investments are made, receive and deliver wiring procedures, monitor the transfer of funds, verify receipt of collateral and completion of documentation, as applicable.