Investment Management Services

The vendor is required to provide services for investment management services included:
- Provide full-time investment management services in accordance with the city's investment policy, state law, and council priorities.
- Assist with reviewing and recommending any appropriate amendments to the city's investment policy at the outset of the contract term and facilitate the annual review and update of the investment policy.
- Assist the city with developing an appropriate cash flow model to minimize balances held in highly liquid but low interest accounts (e.g., bank accounts and LAIF).
- Assist the city with maturity analysis.
- Establish and recommend appropriate investment benchmarks.
- Provide credit analysis and assess risk of portfolio investments.
- Work with the city’s third-party custodian (currently us bank) for safekeeping of securities and provide services required to execute and settle investment trades.
- Recommend and justify appropriate investment benchmarks.
- Provide detailed monthly and quarterly reports to council of investment portfolio activity, performance, holdings by investment type, maturity, broker, weighted average maturity, duration, benchmark comparison, and other such reports normally provided to governmental clients.
- Annually perform due diligence reviews of the broker/dealers, custodian bank, and financial institutions utilized by the city and provide supporting documentation to the city.
- The selected proposer will not act as a custodian of assets in the account or have possession of any such assets.
- The selected proposer will act as a fiduciary agent to the city, serving as an independent advisor to represent the best interests of the city.
- Demonstrate independence from any financial institution or securities brokerage firm, or fully disclose any such relationships relevant to qualified investments for public sector entities.
- Keep city informed of changing economic conditions through flash emails, daily, weekly, and/or monthly reports including discussion of key economic indicators relevant to the regional, state, national, and global economies.
- Questions/Inquires Deadline: February 26, 2025