Utah Public Procurement Place U3P #InvAdv2026

Investment Advisor Services for Metropolitan Water District of Salt Lake & Sandy

The Metropolitan Water District of Salt Lake & Sandy is seeking qualified firms to provide Investment Advisor Services for its reserve funds, currently totaling approximately $35 million. - Government Buyer: - Metropolitan Water District of Salt Lake & Sandy - Office of the General Manager - Services Requested: - Investment Advisor Services - Develop, review, and revise investment strategies for reserve funds - Advise the District's Treasurer, Controller, and Board of Trustees - Assist with implementation of investment strategies - Provide monthly and quarterly performance and compliance reporting - Ensure compliance with the Utah Money Management Act and Money Management Council rules - Support statutory reporting and Metro Water's internal policies - Requirements: - Demonstrated familiarity with Utah municipal investment regulations - Registration as a certified investment advisor for Utah municipalities - Detailed proposal including organizational background, team qualifications, approach, and comprehensive fee proposal - Insurance and compliance with state laws required - Contract Details: - Contract term through June 30, 2031, with early termination possible by either party with seven days' notice - No specific OEMs or vendors are named; opportunity is open to all qualified investment advisory firms

Description

The Metropolitan Water District of Salt Lake & Sandy (Metro Water) is soliciting proposals from qualified firms to provide Investment Advisor Services to its Treasurer, Controller, and Board of Trustees. The services include advising on investment strategies for various reserves totaling approximately $35 million, assisting with implementation, and providing compliance and performance reporting. The consultant must be familiar with the Money Management Act, applicable rules of the Money Management Council, and Metro Water's Policies and Procedures. Proposals must be electronic, signed, and not exceed 15 pages, including detailed background, approach, team qualifications, and fee proposals.

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