Investment Advisor Services

The Vendor is required to provide comprehensive investment advisory services for all college investment assets, including the college’s endowment fund, as well as advisory services related to capital project financing.
- An advisory partner to:
o    Provide fiduciary investment advisory services
o    Assist in reviewing and refining investment policy
o    Monitor and report portfolio performance
o    Support capital financing strategies and debt structuring
o    Provide ongoing education to staff and board
- Provide advisory services including, but not limited to:
•    Non-discretionary portfolio management services for the college’s public funds portfolio governed by the public funds investment act;
•    Investment advisory services for the college endowment fund; and
•    Capital project and debt financing advisory services, including debt structuring and coordination with underwriters and bond counsel.
- Public funds investment advisory (non-discretionary)
o    Be a registered investment adviser with the sec and registered with the state securities board.
o    Be independent of any broker/dealer or fully disclose all compensation arrangements.
o    Take no possession of college funds or securities.
o    Provide non-discretionary management within college policy parameters.
o    Review and recommend changes to the college’s investment policy annually, incorporating state legislative changes.
o    Assist in developing fund-specific strategies for:
o    Operating funds
o    Plant funds
o    Provide daily market information and rate updates.
o    Execute trades only upon verbal or written instruction from authorized college staff.
o    Obtain a minimum of three bids/offers per transaction.
o    Provide written trade confirmations.
o    Assist with act-compliant quarterly reporting including:
o    Book and market value reporting
o    Interest earnings
o    Maturity schedules
o    Performance vs. Benchmarks
o    Compliance statements
o    Monitor credit ratings quarterly and notify the college of downgrades.
o    Provide continuing education for investment committee members and board
o    Attend quarterly investment committee meetings and present performance reports.
- Endowment investment advisory
o    Act as fiduciary to the endowment.
o    Construct and manage portfolios within approved asset allocation bands.
o    Recommend asset allocation adjustments.
o    Provide security/fund selection consistent with policy restrictions.
o    Maintain diversification limits
o    Perform semi-annual rebalancing when deviation exceeds investment policy targets.
o    Provide monthly and quarterly reporting including:
o    Full holdings list
o    Performance vs. Benchmarks
o    Attribution analysis
o    Gains/losses and income
o    Coordinate with designated custodians.
o    Maintain consistent investment philosophy and style.
- Capital project & debt financing advisory
o    Debt structure analysis and recommendations
o    Evaluation of fixed vs. Variable rate financing
o    Review of refinancing opportunities
o    Assist in identifying governmental and private funding sources.
o    Coordinate with bond counsel and underwriters, and rating agencies
o    Review official statements and financing documents.
o    Analyze underwriting spreads and pricing scales.
o    Provide post-issuance compliance guidance including arbitrage considerations.
o    Long-term capital planning support