Texas DIR/ESBD #RFP2026-P17

Hays County Solicits Investment Advisory Services for $80 Million Portfolio

Hays County, Texas is seeking proposals from qualified investment advisory firms to manage its $80 million investment portfolio. - Government Buyer: Hays County, Texas (Purchasing Office) - Scope of Services: - Comprehensive investment advisory and management services for the County Treasurer and Investment Committee - Non-discretionary investment recommendations, trade execution confirmation, and compliance with County Investment Policy and Texas law - Monthly and quarterly reporting, and attendance at Investment Committee meetings - Development of compensation methodologies and submission of detailed fee schedules (flat annual fee, asset-based fee, or hourly rates) - OEMs and Vendors Mentioned: - Oppenheimer - Multibank Securities - Wells Fargo Securities - Federal Reserve Bank - Treasury Direct - TexPool - LOGIC - CLASS - Texas Term - Texas FIT - Various banking institutions with collateralized security agreements - Notable Requirements: - Firms must be registered with the SEC and Texas State Securities Board - Adherence to Hays County’s approved investment policy, emphasizing safety, liquidity, yield, and authorized investment types - Compliance with ethical standards, conflict of interest disclosures, and specific reporting and safekeeping practices - Emphasis on HUB (Historically Underutilized Business) participation - Estimated contract value: $80 million portfolio under management - Contract term: Initial one-year term with up to four one-year renewals (maximum five years)

Description

Hays County, Texas is seeking proposals from qualified investment advisory firms registered with the SEC and Texas State Securities Board to serve as investment advisor to the County Treasurer and Investment Committee. The advisor will manage the County's investment portfolio, estimated at $80 million, aiming to optimize interest income per the County's Investment Policy and state law. The contract will be awarded to the firm offering the best value and reasonable cost. The solicitation includes requirements for compensation methodology and fee schedules.

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