Manteca Granicus #RFP 220

City of Manteca Solicits Investment Advisory Services for Municipal Portfolio

The City of Manteca, Department of Finance, is seeking proposals for comprehensive investment advisory services to manage its investment portfolio. - Government Buyer: - City of Manteca, Department of Finance - Contact: Melissa Munoz, Assistant Finance Director - Scope of Services: - Comprehensive investment advisory and portfolio accounting services - Daily management of investments, order placement, and compliance with California Government Code and City Investment Policy - Monthly and quarterly reporting in accordance with CFA Institute GIPS standards - Annual investment policy review and recommendations - Staff training and ongoing advisory support - Portfolio Details: - Current holdings include U.S. Treasury notes, federal agency obligations, corporate bonds, asset-backed securities, negotiable certificates of deposit, and municipal obligations - Typical investment increments of $5,000, with maturities ranging from 2026 to 2031 - Vendor Requirements: - Must be registered under the Investment Advisors Act of 1940 and in California - Must manage at least $10 billion in domestic fixed-income assets for public entities, including at least 20 California local agency portfolios - Must act in a fiduciary capacity and adhere to CFA Institute's Code of Professional and Ethical Standards - Must provide $5 million in errors & omissions and fidelity bond coverage - Must provide five years of GIPS-compliant performance data - Assign a portfolio manager and relationship manager, each with at least ten years of experience advising California public entities - Notable Details: - The City currently works with PFM Asset Management (a division of U.S. Bancorp Asset Management, Inc.) but is seeking competitive proposals - Innovation and creativity in responses are encouraged - No specific product part numbers or purchase quantities are listed, as this is a professional services solicitation

Description

The City of Manteca is seeking proposals from qualified firms to provide investment advisory services for its investment portfolio(s). The selected firm must be highly experienced, act in a fiduciary capacity, and provide 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 investment policy, and serving as a resource for staff training and advice. Proposals are due by July 30, 2026, and the contract award is anticipated by September 15, 2026.

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