Investment Management Services

The vendor is required to provide investment adviser will include, but are not limited to the following:
• Manage the city’s investment portfolio pursuant to the specific, stated investment objectives. 
• Provide assistance in developing and implementing an investment strategy that will maintain or enhance portfolio quality and performance within the parameters of the city’s investment policy statement and cash flow needs. 
• Ensure the portfolio is in compliance with all applicable laws and the city’s investment policy statement including ordinances and resolutions relating to the investment of public funds. 
• Provide the city with investment reports that shall include, but not be limited to the following:
o Monthly statements with all the information required by the code and governmental accounting standards board (GASB). 
o These reports must include, but not limited to: detailed portfolio holdings including purchase price, accrued interest, amortized cost, market and book values, purchase date, maturity date, next upcoming potential call date, assigned security ratings by a nationally recognized statistical rating organization (NRSRA), principal and interest payments, effective earnings rate, yield to maturity, days to maturity, and portfolio summary statistics. 
o These reports are required to be completed no later than the 10th of the month for the immediately preceding month for presentation to the investment advisory committee at their next available meeting.
o Quarterly investment reports including a description of economic and market conditions, investment strategies employed, performance, and suggested changes to investment strategy for presentation to the investment advisory committee at their next available meeting. 
o The performance numbers shall be presented as required by the CFA institute’s global investment performance standards (GIPS).
• Perform credit analysis and assess risk of recommended/ selected portfolio investments. 
• Recommend, justify and assist the city to establish appropriate investment benchmarks. 
• Assist the city with developing an appropriate cash flow model to minimize balances held in highly liquid but low interest accounts. 
• Assist the city with portfolio maturity analysis and reinvestment strategies given operations cashflow requirement considerations
• The selected proposer will not act as a custodian of assets in the account or have possession of any such assets. 
• 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. 
• Perform broker and dealer due diligence and maintain relations with the broker and dealer community. 
• 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, and fully disclose any such relationships relevant to qualified investments for public sector entities. 
• Continually monitor market conditions and circumstances and keep city informed of changing economic conditions through flash emails, daily, weekly, and monthly reports including discussion of key economic indicators as well as any recommended changes to policies, strategies, and specific positions. 
• Annually, or more often, if necessary, review the city’s investment policy statement and provide recommended changes as needed per government code or to incorporate best practices as provided by relevant statewide and national organizations. 
• The city’s investment policy statement will be submitted to the investment advisory committee and the city council for approval on an annual basis.
• Attend and make presentations to the city's investment advisory committee or city council meetings as necessary. 
• The city investment advisory committee meets quarterly. 
• Serve as a general resource to the city’s staff for information, advice, and training regarding city investments portfolio. 
• Communicate as necessary with city staff to understand the city’s investment operations.
- Questions/Inquires Deadline: July 17, 2025