Investment Advisory Services

The vendor required to provide investment advisory services to the city and will provide comprehensive oversight, independent analysis, and quarterly reporting on all investment activities.
- Core investment advisory services
1. Investment strategy and policy development
•    Review and recommend updates to the city's investment policy to ensure compliance with act and best practices
•    Develop and maintain written investment strategies aligned with the city's cash flow needs, risk tolerance, and act requirements
•    Assist in establishing appropriate investment objectives, performance benchmarks, and risk parameters for different fund types
•    Provide guidance on permitted investments under act and the city's investment policy
2. Investment oversight and due diligence
•    Provide comprehensive oversight of all investment purchases and transactions
•    Conduct independent due diligence on proposed investments, including credit analysis and suitability assessment
•    Review and approve all investment transactions prior to execution to ensure compliance with act, the city's investment policy, and prudent investment practices
•    Monitor ongoing creditworthiness and risk characteristics of existing portfolio holdings
•    Evaluate and recommend qualified broker-dealers and financial institutions for the city's authorized list
•    Demonstrate a robust methodology for sourcing and selecting securities for the portfolio
•    Leverage multiple trading desks, counterparties and sources of liquidity to ensure best execution on the purchase and potential sale of securities
3. Safekeeping and custody oversight
•    Oversee safekeeping arrangements for all city investments
•    Review and recommend custodial service providers
•    Assess custodial fee structures and secure competitive pricing
•    Verify proper delivery, settlement, and custody of securities
•    Reconcile custodial statements with city records
•    Ensure all securities are held in the city's name or in a manner that protects the city's ownership interest
•    Monitor compliance with collateralization requirements for deposits and repurchase agreements
•    Maintain a robust cyber-security program and demonstrate business continuity capabilities
4. Portfolio management guidance
•    Provide ongoing recommendations for portfolio composition, duration, and diversification
•    Assist city staff in developing trade execution strategies 
•    Monitor market conditions and provide timely market intelligence
•    Recommend portfolio adjustments in response to changing market conditions, cash flow needs, or regulatory requirements
•    Advise on the timing and structure of specific investment transactions.