Investment Advisory Services

The Vendor is required to provide investment advisor to be highly experienced, a leader and innovator in investment management, and able to provide comprehensive investment advisory and portfolio accounting services.
- Requirement:
• Review the city’s current investment program and provide recommendations regarding its investment policy, liquidity management, how to achieve the city’s investment objectives, and the selection of an appropriate performance benchmark.
• Manage part of the city’s investment portfolio(s) pursuant to the state government code, the investment policy and stated investment objectives.
• Place all orders for the purchase and sale of securities, communicate settlement information to the city’s staff and coordinate security settlement with the city’s custodian.
• The investment advisor will not provide custodial services or security safekeeping.
• Provide the city with investment reports that shall include, but not be limited to the following:
• Monthly statements with all the information required by the state government code and GASB.
• These reports must include detailed portfolio holdings including accrued interest, amortized cost, market values, security ratings transaction details, principal and interest payments, yield to costs, and portfolio summary statistics.
• 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 presented as required by the institute’s global investment performance standards (GIPS®).
• Review the city’s investment policy and provide written comments and recommend changes as needed per state government code or to incorporate best practices as provided by relevant statewide and national organizations.