Texas DIR/ESBD #26-1396

Brazos River Authority Solicits Investment Advisory Services for $170M Portfolio

The Brazos River Authority (BRA) is seeking proposals for non-discretionary Investment Advisory Services to manage its $170 million investment portfolio. - Government Buyer: - Brazos River Authority (BRA), Texas - Contact: Bryan Gray, Purchasing Manager - Services Requested: - Non-discretionary investment advisory services for BRA's portfolio - Services include: - Investment strategy development - Execution of securities transactions - Monthly and quarterly portfolio reporting - Compliance with Texas laws, BRA policies, and arbitrage regulations - Ongoing advisory support - Requirements: - Firm must be SEC-registered under the Investment Advisors Act of 1940 - Must comply with all Texas state laws and BRA investment policies - High-quality, fiduciary investment management with no conflicts of interest - Contract term is two years, with up to two two-year renewal options (potential total of six years) - No specific OEMs or product vendors are named; this is a professional services procurement - Notable focus on supplier diversity, including encouragement for service-disabled veteran-owned businesses

Description

The Brazos River Authority is requesting proposals for Investment Advisory Services. The project involves furnishing all labor, materials, services, equipment, and appliances required for investment management services. Proposals must be submitted by August 31, 2026, at 10:00 AM. The procurement is open to all qualified firms, including service-disabled veterans, and will be evaluated based on relevant health, safety, and business factors.

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