Bid 23-03 Trust Fund Financial Services

The City of Rochester, NH seeks a qualified financial‑management firm to professionally manage its municipal trust‑fund portfolio (≈ $4 million). The contractor will provide ongoing investment management, ensure SEC and state regulatory compliance, file mandatory annual MS‑9 and MS‑10 reports, produce monthly electronic statements for trustees and the city, and hold 1‑2 meetings per year (at least one in‑person). Bidders must be SEC‑registered, authorized to do business in New Hampshire, carry liability insurance, and submit a detailed fee schedule covering base management, common‑fund and reserve/expendable‑fund fees, compliance, reporting, statements, meetings, and termination/distribution. Submission can be via hard‑copy mail/UPS/FedEx or email, with a deadline of July 27, 2022. • Manage a $4 M municipal trust‑fund portfolio (investment selection, monitoring, rebalancing). • Provide annual statutory reporting (MS‑9 & MS‑10) and monthly electronic statements. • Maintain compliance with SEC, NH state, and local investment statutes; attend periodic meetings. • Submit a line‑item fee proposal (percentage‑based fees plus flat reporting and distribution charges).