Placentia Planet bids #141579

City of Placentia Seeks Investment Management and Advisory Services for Municipal Portfolio

The City of Placentia Finance Department is seeking qualified investment advisory firms to manage and provide professional advisory services for its municipal investment portfolio, valued at approximately $25 million. - Government Buyer: - City of Placentia Finance Department - Services Requested: - Comprehensive investment management and advisory services - Day-to-day administration of the City's investment portfolio - Discretionary investment advisory services - Monthly and quarterly investment reporting - Credit and market risk analysis - Annual review and recommendations for the City's Statement of Investment Policy - Compliance with California Government Code Section 53600 et seq. - Establishment and maintenance of an authorized broker/dealer list - Monitoring creditworthiness of financial institutions - Audit cooperation and compliance assurance - Performance benchmarking and technical/fundamental market research - Additional advisory services as requested - Notable Requirements: - Strict adherence to the City's investment objectives: safety, liquidity, and yield - Compliance with state law and best practices - Robust insurance coverage as specified by the City - Experience with municipal investment portfolios - No specific OEMs, products, or part numbers are requested; the focus is on professional services - Potential competitors include established investment advisory firms such as Allied Solutions and Clearwater Advisors LLC

Description

The City of Placentia is seeking proposals from qualified investment advisory firms to provide professional services in managing a customized investment program. The services will be performed within the framework of the City's Statement of Investment Policy, applicable provisions of the California Government Code, and recognized best practices for public fund investment management. The investment objectives are safety of principal, liquidity, and yield. Firms must submit proposals electronically in PDF format by May 28, 2026.

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