Palos Verdes Estates Planet bids #145588

Rancho Palos Verdes Seeks Investment Advisory and Portfolio Management Services

The City of Rancho Palos Verdes, Department of Finance, is seeking proposals for professional investment advisory and portfolio management services for its $85.9 million investment portfolio. - Government Buyer: - City of Rancho Palos Verdes, Department of Finance - Contact: James O'Neill, Senior Administrative Analyst - Scope of Services: - Comprehensive investment advisory and portfolio management - Review and recommend investment strategies, maturity structures, and diversification - Assist with cash-flow forecasting and liquidity management - Conduct credit analysis and ongoing monitoring of securities and issuers - Evaluate interest-rate, credit, liquidity, and market risks - Ensure compliance with California Government Code and the City's Investment Policy - Provide regular reporting, performance benchmarking, and policy review - Portfolio Details: - Approximately $85.9 million under management - Includes $16-20 million in LAIF and maturing investments - Notable Requirements: - Adherence to the Prudent Expert Standard - Emphasis on safety, liquidity, and yield - Open to all qualified investment advisory firms; no specific OEMs or vendors required - Contract Term: - Three years, with two optional one-year extensions

Description

The City of Rancho Palos Verdes is soliciting proposals from qualified firms to provide professional investment advisory and portfolio management services for the City's investment portfolio. The services include reviewing the existing investment portfolio, recommending investment strategies, assisting with cash-flow forecasting, providing ongoing portfolio management, conducting credit analysis, and evaluating various risks. The contract term is intended for three years with the possibility of two additional one-year extensions. Proposals must be submitted electronically by September 22, 2026.

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