Manteca Granicus #220

City of Manteca Solicits Investment Advisory Services for Municipal Portfolio

The City of Manteca, Department of Finance, is seeking qualified firms to provide investment advisory services for its municipal investment portfolio(s). - Government Buyer: - City of Manteca, Department of Finance - Services Requested: - Comprehensive investment advisory and portfolio accounting services - Daily management of the City's investment portfolio(s) - Detailed monthly and quarterly investment reports - Annual review and recommendations for the City's Investment Policy - Staff training and advice on fixed-income investments - OEMs and Vendors Mentioned: - PFM Asset Management (current provider, division of U.S. Bancorp Asset Management, Inc.) - Notable Requirements: - Firm must be registered with the SEC under the Investment Advisors Act of 1940 - Must manage at least $10 billion in domestic fixed-income assets for public entities - Experience managing at least 20 California local agency portfolios - Portfolio and relationship managers must have at least ten years of relevant experience - Adherence to CFA Institute standards - Minimum insurance coverages required - Innovative and creative proposals encouraged; multiple providers may be selected - Place of Performance: - City of Manteca, San Joaquin County, California

Description

The City of Manteca, Department of Finance, is soliciting proposals from qualified firms to provide investment advisory services for the City's investment portfolio(s). The selected firm is expected to be highly experienced and capable of providing comprehensive investment advisory and portfolio accounting services. The scope includes reviewing the City's investment program, managing investments daily, providing detailed monthly and quarterly reports, annually reviewing the City's Investment Policy, and serving as a resource for staff training and advice. Proposals are due by July 30, 2026, with the contract award anticipated by September 15, 2026.

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