Milpitas Opengov #26-262

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 portfolios: - City Investment Portfolio (Package A) - Requires comprehensive review, analysis, reporting, and active portfolio management in accordance with the City's Adopted Investment Policy - Services include regular performance reporting and compliance monitoring - Section 115 Trust Portfolio (Package B) - Requires investment and administrative services for the City's IRS Code Section 115 Retirement Trust - Focuses on managing retirement trust assets for California local government agencies - Each package will be awarded separately, resulting in two contracts - Proposers must be licensed and bonded per industry standards - Electronic submission of proposals is required via the City’s OpenGov eProcurement portal - Attachments include the main RFP, submittal forms, exemplar agreement, and a quarterly investment report - Initial contract term for each package is five years, with two one-year options (potential total of seven years) - No specific OEMs or vendors are named; open to all qualified investment advisory firms

Description

The City of Milpitas is seeking proposals for investment advisory services for two separate areas: the City Investment Portfolio and the Section 115 Trust. The selected proposer for Package A will provide comprehensive review, analysis, reporting, and portfolio management of the City's investment portfolio in accordance with the City's Adopted Investment Policy. The contract for Package A is estimated to start on January 1, 2027, with a five-year initial term and two one-year options. Proposals must be submitted electronically via the City of Milpitas eProcurement website by September 24, 2026.

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