RFP - Investment Advisory Services

The City of Bell is seeking a qualified vendor to provide investment advisory services for the management of its investment portfolio. The selected vendor will be responsible for providing professional investment management and advisory services, including the development and implementation of investment strategies, portfolio management, and risk control. The vendor will also be required to provide monthly statements on investment activity, earnings, and the value of the investment portfolio. The initial term of the agreement will be three years, with two one-year options thereafter. The City of Bell is looking for a vendor with experience in managing investment portfolios for public funds and governmental entities, and a strong understanding of the City's investment goals and objectives. Key aspects of the job include: • Full-time non-discretionary management of the City’s investment portfolio under advisement • Compliance with all federal and state of California laws and ordinances, resolutions, and City policies • Development and implementation of investment strategies and City policies to maintain or enhance portfolio quality and performance • Coordination of investment trades, security delivery, fund availability, trade settlement assistance, market research, and yield curve analysis • Performance of due diligence reviews of brokers, financial institutions, and monitoring of creditworthiness • Reporting on investment portfolio activity and performance, including earnings and accounting methodology, following GAAP and GASB true-value reporting • Serving as a general resource to the city staff for information, advice, and training regarding fixed-income securities, investments, and Treasury operations