Investment Consulting Services

The Vendor is required to provide investment consulting services to its employee benefits trust which provides funding for health, prescription, dental, and life insurance benefits for retired employees of the city and their eligible dependents.
- Requirement:
• Research and recommend a diversified portfolio complying with the investment guidelines criteria established by the city
• Monitor the portfolio quarterly and provide compliance documentation with exceptions noted.
• Rebalance the portfolio with a method and frequency agreed upon by the city and investment manager to comply with the asset allocation guidelines as recommended by the investment manager and approved by the city.
• Quarterly written performance reports that fully comply with investment management consultants association (IMCA) performance reporting standards, and other pertinent information pertaining to the investment of the OPEB funds, as requested by the city.
• Reports on portfolio holdings and transactions that occurred within the portfolio during each month by the fifth working day of the following month.
• Reassess the portfolio and make recommendations for changes to the investment policy and alternative managers to achieve the city’s investment objectives.
• Make such changes only when directed and approved of by the city.
• Attend quarterly investment meetings with the city and present the performance of the city’s OPEB portfolio as well as attend special meetings as requested by the city.
• Ensure assets are held with an approved custodian with provided soc-1/soc-2 reports.