Investment Portfolio Development and Management Services

The Vendor is required to provide investment portfolio management services for the Town's available funds.
- The objective is to ensure investments are managed in accordance with the Town's Investment Policy, applicable legislation, and prudent investment practices while maintaining safety of principal, liquidity, diversification, and an appropriate rate of return.
- Key Objectives:
• Develop a recommended investment portfolio for the funds provided by the town, including investment terms, and maturity schedule designed to meet the town's investment objectives while balancing security, liquidity, diversification, and return.
• Ensure full compliance with the town's investment policy and applicable legislation. All investment recommendations, portfolio structures, investment products, and investment activities must comply with the town investment policy, the municipal government act, and any other applicable legislative or regulatory requirements. Proponents should demonstrate how compliance will be monitored and maintained throughout the term of the agreement.
• Recommend suitable investment products and securities that fully comply with the town's investment policy, the municipal government act, and industry best practices.
• Recommendations should clearly identify expected returns, investment terms, credit quality considerations, issuer information, and any associated risks.
• Establish an investment ladder and diversified maturity structure that provides regular access to funds while maximizing investment opportunities. The town is seeking a portfolio that distributes investments across multiple terms, maturity dates, issuers, and investment products rather than concentrating the full investment amount into a single security or maturity date.
• Provide a clear implementation plan outlining how the initial investment funds will be allocated, invested, and transitioned into the proposed portfolio, including recommended timelines, investment sequencing, and anticipated implementation requirements.
• Actively monitor and manage the portfolio throughout the term of the agreement, including reviewing portfolio performance, identifying opportunities to improve returns, managing maturity schedules, and recommending reinvestment strategies as investments mature.
• Provide ongoing investment advice and recommendations based on changing market conditions, interest rate environments, and economic trends that may impact portfolio performance or future investment opportunities. Recommendations should be proactive and supported by appropriate market analysis.
• Maximize investment returns within the constraints of the town's investment policy while maintaining a strong focus on capital preservation, liquidity requirements, diversification, and prudent risk management.
• Provide regular portfolio reporting that clearly summarizes investment holdings, maturity dates, interest earnings, rates of return, market values, diversification, credit quality, and compliance with applicable investment restrictions and policy requirements. Reporting should be suitable for administration's review and council reporting requirements.