Placentia Planet bids #Investment Management and Advisory

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

The City of Placentia Finance Department is seeking qualified firms to provide investment management and 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 for the City's portfolio - Day-to-day portfolio administration - Discretionary investment advisory services - Annual review and recommendations for the City's Statement of Investment Policy - Compliance with California Government Code Section 53600 et seq. - Maturity and credit analysis - Monthly and quarterly investment reporting - Compliance monitoring and market risk evaluation - Performance benchmarking and technical/fundamental market research - Broker/dealer due diligence assistance - Notable Requirements: - Strict adherence to the City's investment policy and all relevant state/local laws - Annual delegation of investment authority by City Council - Emphasis on fiduciary responsibility, safety of principal, liquidity, and yield - Prospective Vendors (examples): - Academy Asset Management - Chandler Asset Management - Clearwater Advisors - Columbia Capital Management - Garcia Hamilton & Associates - Mercer Advisors - No specific OEMs or products are being procured; the solicitation is for professional investment advisory and management services only.

Description

The City of Placentia is seeking proposals from qualified firms to provide comprehensive investment management and advisory services. The scope includes day-to-day administration of the City's investment portfolio valued at approximately $25 million, discretionary investment advisory services, and annual review and recommendations for the City's Statement of Investment Policy. The services must be performed in a fiduciary capacity consistent with California Government Code Section 53600 et seq., prioritizing safety of principal, liquidity, and yield. Proposals must be submitted electronically in PDF format by May 28, 2026.

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