The vendor is required to provide investment consultant services for include:
1. Investment policy, objectives and guidelines:
• Assist the township in reviewing and improving the township's investment policy, and in developing objectives and guidelines which properly reflect the township's tolerance for risk, objectives for rate-of-return and administrative expense, and compliance with applicable laws, ordinances, and regulations.
2. Asset allocation studies:
• Conduct an asset allocation study to evaluate if the current informal asset allocation provides the township with the best performance of the township's investments and whether the current allocation falls within the investment objectives and guidelines developed as a result.
• If, as a result of this study, it is mutually agreed between the township and the consultant that changes should be made, assist the township in developing and implementing a revised asset allocation model, and modifying the investment policy accordingly.
3. Cash flow management:
• Assist the township with the evaluation of the township's cash flow needs and assist in establishing a method to allow internal evaluation and management of cash flow on a monthly basis.
4. Performance measurement & monitoring:
• Monitor the performance of the investments and submit regular reports on their performance with measurement against agreed upon benchmarks, and assist the township in evaluating its progress toward the investment objectives.
• Provide monthly statements of the total investment portfolio that allow internal record-keeping of the portfolio's activity during the period and its period-end value. provide quarterly performance reports for presentation to the township and appear before the township to report performance upon request.
5. Legal compliance:
• Monitor and report regularly upon the township's compliance with all applicable laws, rules, and regulations regarding its investments.
6. Employee education:
• In concert with the township's treasury, budget, and finance departments, provide employee education on cash flow management and investment policy in determining balances of liquid funds and reserve funds that may be invested.
7. General:
• Provide general advisory services to township staff on any matter related to investments as requested.
•  Attend meetings as requested by the township's staff or board to provide advice and counsel to township staff and township board.
8. Other:
• Recommend additional actions that would be beneficial to the management and use of the township's investments and cash resources.
• Assists with forecasting interest revenue for future budget years.
• Respond to requests by the township for information or counsel, and provide recommendations, best practices, and other information related to the management of the township's investments and cash resources.