Indio Planet bids #140472

Investment Management & Advisory Services for City of Indio Portfolio

The City of Indio is seeking qualified firms to provide non-discretionary investment management and advisory services for its operating funds portfolio. - Government Buyer: - City of Indio (Public Works department) - Scope of Services: - Comprehensive investment advisory and portfolio management - Cash flow analysis, credit analysis, market research, portfolio rebalancing, compliance assurance, reporting, training, and broker/dealer due diligence - Management of a portfolio valued at approximately $119.8 million - Portfolio includes U.S. Treasuries, federal agency bonds, corporate bonds, asset-backed securities, and LAIF investments - Requirements: - Firm must be a registered Investment Advisor regulated by the SEC - Compliance with California state law and the City of Indio’s investment policy - Adherence to the City's investment objectives, prioritizing capital preservation - Electronic proposal submission via PlanetBids portal - Strict no-contact clause with City Council members and staff - Current Portfolio Manager: - Chandler Asset Management (incumbent) - Contract Term: - Three years, with two possible one-year extensions - No specific OEMs or product part numbers are named; opportunity is open to all qualified investment advisory firms.

Description

The City of Indio is seeking proposals from qualified investment and management advisory firms to provide non-discretionary comprehensive investment advisory and portfolio management services. The services must comply with state law and the City's written investment policy. The contract term is three years starting July 1, 2026, with a possible two-year extension. The solicitation was posted on April 2, 2026, with a response deadline of April 27, 2026. The procurement is open to all qualified firms, and submissions are to be made electronically.

View original listing