Milpitas Opengov #287264

City of Milpitas Investment Advisory Services RFP for Portfolio and Section 115 Trust

The City of Milpitas Finance Department is seeking qualified firms to provide investment advisory services for two distinct areas: - Overview - RFP covers both the City's investment portfolio and a Section 115 Retirement Trust - Each area (Package A and Package B) will be evaluated and awarded separately - Government Buyer - City of Milpitas, Finance Department - Services Requested - Portfolio management, investment analysis, reporting, and trust administration - Package A: Comprehensive review, analysis, reporting, and management of the City's investment portfolio - Must adhere to the City's Adopted Investment Policy - Package B: Investment and administrative services for a Section 115 Retirement Trust - Must comply with IRS Code Section 115 - OEMs and Vendors - No specific OEMs or vendors are named in the solicitation - Unique or Notable Requirements - Separate contracts for each package - Proposals must be submitted electronically via the City's eProcurement system - Initial contract term is five years, with two one-year extension options (potential total of seven years) - Period of Performance - Five-year base term, two one-year extension options - Evaluation - Each package will be evaluated independently - **No product line items; all requested items are services

Description

This solicitation is for Investment Advisory Services involving two packages: Package A for the City Investment Portfolio and Package B for the Section 115 Trust. The contract is expected to start in early 2027 and may last up to seven years. Proposals must be submitted electronically through the City of Milpitas' eProcurement system. The City provides all relevant forms, attachments, and instructions in the project documents and reserves rights regarding proposal evaluation, contract negotiations, and the award process.

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