# County of Galveston Economic Development Granicus #RFP 26-06

City of Galveston Investment Advisory and Arbitrage Services RFP

**Posted:** September 15, 2026
**Respond By:** October 06, 2026
**Identifier:** RFP 26-06
**NAICS:** 523930, 523940

The City of Galveston is seeking qualified vendors to provide Investment Advisory and/or Arbitrage Services for its Department of Finance.
- Government Buyer:
  - City of Galveston, Department of Finance, Purchasing Division
- Services Requested:
  - Investment Advisory Services for a $100+ million municipal portfolio
    - Non-discretionary portfolio management
    - Investment advice and execution of securities transactions
    - Investment reporting and policy review
  - Arbitrage Services
    - Review of municipal bond issues
    - Arbitrage rebate calculations and compliance with IRS regulations
    - Data collection, analysis, and preparation of IRS forms
    - Legal opinions on arbitrage rebate liability
    - Annual meetings to review requirements
- Contract Details:
  - Initial term of three years
  - Two optional one-year renewal periods
  - Pricing proposals may be based on basis points, fixed quarterly fees, annual flat fees, or arbitrage fees
- Notable Requirements:
  - Registered investment advisors with experience in fixed income securities and Texas law compliance
  - Electronic proposal submission with file size limits
  - Encouragement of participation from Disadvantaged Business Enterprises (DBEs), including women- and minority-owned businesses
- No specific OEMs or product vendors are named; focus is on professional financial services

### Description

The City of Galveston is soliciting sealed proposals for a contract to provide Investment Advisory Services and/or Arbitrage Services. The solicitation requires electronic submission of proposals by 2:00 P.M. CST on October 6, 2026. The contract term is three years with two optional one-year renewals. The City reserves the right to award multiple agreements and to reject any or all proposals.

[View original listing](https://galvestontx.gov/bids.aspx?bidID=641)