Investment Advisory Services

The Vendor is required to provide investment advisory services include, but are not limited to, executing securities purchases/sales for the city’s portfolio, offering investment advice, and preparing regular investment reports.
- City maintains a pooled portfolio of approximately $250 million.
- The city has a portfolio of bond proceeds from water enterprise revenue bonds series 2025 of approximately $60 million, $30 million of which is invested in a local government investment pool with the remainder held in securities.
- Consultants should understand that the present size of the portfolio may increase or decrease due to normal operations and decisions made relative to the timing of capital projects.
- The city is utilizing investment advisory services to manage a portfolio of approximately $60 million and the bond proceeds portfolio on a discretionary basis.
- The rest of the portfolio is managed in house by the city staff.
- The city will make a final decision regarding the percentage of the city’s total portfolio that will be outsourced once the final review of the proposal is completed.
- Investment management approach
• Provide ethical, transparent, and risk adverse management approaches to investments on behalf of the city
• Any current or new investments will be reviewed for risk factors as well as financial stability on behalf of the city and act in the city’s best interests.