Georgetown Ionwave #202639

City of Georgetown Solicits Investment Advisory Services for $1 Billion Portfolio

The City of Georgetown, Texas is seeking qualified vendors to provide Investment Advisory Services for its $1 billion investment portfolio. - Government Buyer: - City of Georgetown, Texas, Purchasing Department - Scope of Services: - Nondiscretionary investment advisory services for all City funds, including the Georgetown Economic Development Corporation and Georgetown Transportation Enhancement Corporation - Portfolio management, investment advice, execution of securities transactions, and investment reporting - Review and compliance with the Texas Public Funds Investment Act (PFIA) and the City's Investment Policy - Cash management support, including bidding Certificates of Deposit and depository services - Merchant services evaluation and support, including payment technology guidance (online portals, mobile payments, EMV/contactless, integration with ERP and billing systems) - Fee and cost analysis for merchant services, including interchange and gateway fees, processor markups, and cost-saving recommendations - Reporting and reconciliation support for merchant services and City financial systems - Notable Requirements: - Advisors must be registered with the SEC and Texas State Securities Board - Demonstrated experience with fixed income securities - Complete fee schedule required (fees not netted from investment earnings) - Hourly or fixed fees for merchant services support and disclosure of any additional expenses - Compliance with PCI-DSS and Texas cybersecurity requirements for payment technologies - Evaluation based on team experience, qualifications, approach, financial stability, and price - No specific OEMs are named, but referenced financial institutions in City reports include TexPool, TexSTAR, Veritex Bank, Alliance Bank, and East West Bank - Opportunity is open to all qualified investment advisory firms capable of meeting the City's policy and statutory requirements

Description

The City of Georgetown is soliciting proposals from qualified respondents to provide Investment Advisory Services. The scope of work is detailed in Exhibit A of the solicitation documents. Proposals must be submitted electronically via the City's E-bid system by April 30, 2026, at 2:00 PM CT. A non-mandatory pre-proposal meeting will be held virtually on April 9, 2026. The City will evaluate proposals based on criteria including team experience, qualifications, approach, financial stability, and price.

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