New York State Contract Reporter #10-030126

Broker/Investment Advisor and Custodial Services for DANC Investment Accounts

The Development Authority of the North Country (DANC) in Watertown, NY is seeking qualified firms to provide comprehensive Broker/Investment Advisor and Custodial Services for its investment accounts over a five-year contract period. - Government Buyer: - Development Authority of the North Country (DANC), Watertown, NY - Scope of Services: - Investment advisory services, including acting as Investment Advisor/Broker - Custodial services for DANC's investment accounts - Assistance with management and strategic allocation of the investment portfolio - Ensuring compliance with New York State laws, regulations, and DANC investment policies - Notable Requirements: - Adherence to diversity participation goals: 4% Service-Disabled Veteran-Owned Business (SDVOB), 9% Minority Business Enterprise (MBE), and 21% Women Business Enterprise (WBE) - Compliance with New York State Procurement Lobbying Law - Electronic proposal submission required - OEMs and Vendors: - No specific OEMs or vendors are named; open to qualified investment advisory and custodial service providers - Place of Performance: - Development Authority of the North Country, 317 Washington Street, Suite 414, Watertown, NY 13601 - Dulles State Office Building, 317 Washington St., 4th floor, Watertown, NY 13601

Description

The Development Authority of the North Country is seeking proposals from qualified firms to provide Investment Advisory Services for its investment accounts over a five-year term. The services include acting as Investment Advisor/Broker and providing Custodial Services, assisting in portfolio management and strategic allocation while ensuring compliance with state laws and Authority policies. Proposals must be submitted electronically by May 19, 2026, and questions are due by May 8, 2026. The RFP is available on the Authority's website.

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