Guilford County NC MUNIS #20143

Guilford County Awards Investment Advisor and Management Services Contract to Chandler Asset Management, Inc.

Guilford County has awarded a contract for investment advisor and management services to Chandler Asset Management, Inc. for the management of the County's investment portfolio. - Government Buyer: - Guilford County Purchasing Department, Greene Street Building, Basement-Suite 072, Greensboro, NC - OEMs and Vendors: - Chandler Asset Management, Inc. (awardee) - Products/Services Requested: - Nondiscretionary investment advisor and management services - Daily portfolio management - Cash flow analysis - Project expenditure scheduling - Regular investment activity and performance reporting - Advisory support for fixed income securities and Treasury operations - Compliance with North Carolina General Statute 159-30 - Investment Advisor Fee (1 each) - Unique or Notable Requirements: - Provider must be an SEC-registered investment advisor - Must have a presence in North Carolina - Experience serving local governments required - 15% aspirational MWBE participation goal - Electronic bid submission required - Comprehensive insurance coverage required

Description

Guilford County is soliciting proposals from qualified firms to provide nondiscretionary investment advisor and management services. The selected provider will manage the County's separate investment portfolio, assist with cash flow analysis, project expenditure schedules, and provide regular investment reports. The contract term is initially three years with options to renew for two additional years. The provider must be SEC-registered, have a presence in North Carolina, and experience with local government investment advisory services.

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