Description
The City of Euless, Texas is seeking information from qualified investment advisory firms to assist in managing and providing guidance on its investment portfolio. The portfolio includes general reserves, and the city is looking for firms that can provide investment policy review and recommendations, cash flow analysis and investment structuring, ongoing portfolio strategy and investment recommendations, performance measurement and benchmarking, compliance monitoring, monthly/quarterly reporting, economic and market updates, and assistance with audits and reporting. The city's investment objectives include compliance, safety of principal, liquidity, and yield.
• The city has a total land area of 16.2 square miles and a population of 61,555 as of 2025.
• The city's Cash and Investment Market Value was $189,901,641 at the end of the 2025 fiscal year.
• The city is looking for firms with experience in managing governmental funds, including reserve funds.
• The city wants firms to provide a brief history, ownership structure, and location of primary offices, as well as information on their total assets under advisement and assets under management.
• The city also wants to know about the firm's experience with public sector clients, client retention rate, and approach to managing risk in municipal portfolios.