Investment Advisory Services

The Vendor is required to provide serve as an experienced and independent professional resource to support the City’s investment program through portfolio analysis, investment recommendations, market and credit research, benchmarking, policy support, reporting, and related advisory services.
- Shall act in a non-discretionary advisory capacity. The City shall retain authority and responsibility for its investment program, including approval of investment transactions, and all transactions shall occur in accordance with City procedures and controls.
- The City intends for the selected firm to serve as a trusted professional resource that supports the City’s investment program through sound advice, strong reporting, risk management, policy support, and responsive service, while preserving the City’s direct decision-making authority over transactions.
- The City expects that any resulting agreement will provide that the selected firm may provide analysis, recommendations, and transaction support, but may not execute trades or otherwise commit City funds without prior approval from authorized City staff.
- The City expects all recommendations to remain within the City’s Investment Policy, applicable law, and any written investment guidelines established by the City.
- Recommendations shall be designed to support the City’s priorities of safety of principal, liquidity, and yield, in that order. Recommendations shall be appropriate for a public funds portfolio and shall comply with the City’s Investment Policy, including authorized investments, credit quality requirements, diversification limits, maturity limits, and prohibited investment restrictions.
- Shall clearly identify whether recommended transactions would be executed through the proposer, an affiliate, or another approved firm, and shall disclose any associated compensation, affiliations, or conflicts of interest.