Investment Advisory Services

The vendor is required to provide investment management services which may include, but are not limited to, the following:
•    Be a registered investment advisor as defined and regulated by the securities and exchange commission or the board.
•    Be either completely independent of any financial institution or securities brokerage firm; or fully and continuously disclose any relationships with such financial institution or securities brokerage firm, and further disclose any commissions, bonuses, or soft-dollar payments resulting from the firm's relationship with the city. 
•    Take no possession of city funds or investment securities, nor have access to or control over such funds or securities. 
•    Comply with state law and the ordinances and policies of the city. 
•    Review and recommend changes to the city's investment policy.
•    Assist in developing depository services arrangements and provide guidance to the city in the selection and award process. 
•    Provide annual review of the city's investment policy and activities to ensure compliance with the act.
•    Provide non-discretionary management of the city's investment portfolio by acting solely in an advisory and administrative capacity within the guidelines of the city's investment policy and at the direction of authorized city staff. 
•    Provide timely assessments of the fixed income market. 
•    Execute securities purchases and sales upon verbal instructions from authorized city staff. 
•    After a trade is executed, the advisor must confirm to the city by email all details of the trade. 
•    Assist the city in developing and maintaining an authorized broker and dealer list and creating a competitive environment for each trade. 
•    Provide monthly and quarterly portfolio reports m a format acceptable to the city and compliant with state law.
•    Assist with cash flow modeling to enhance investment strategies. 
•    Provide market analysis and commentary, including economic trends, to assist the city with investment strategies. 
•    Assist in developing and implementing investment strategies that will enhance portfolio performance under current and anticipated changes in market conditions within the parameters of established investment policies and cash flow needs. 
•    Make presentations at city investment oversight committee as needed to support recommendations related to investment strategy. 
•    Attend city investment oversight committee meetings and present quarterly performance reports which shall include current information regarding the creditworthiness of investments in the portfolio, total return comparisons, commentary, and future outlook as it pertains to the city's portfolio.

- Contract Period/Term: 3 years
- Intent to Bid Due Date: October 21, 2025
- Questions/Inquires Deadline: October 14, 2025