# Texas Galveston Civic Plus #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

The City of Galveston is seeking qualified firms to provide Investment Advisory and/or Arbitrage Services for its $100+ million investment portfolio.
- Government Buyer:
  - City of Galveston, Department of Finance, Purchasing Division
- Scope of Services:
  - Investment Advisory Services
    - Non-discretionary portfolio management
    - Investment advice and execution of securities transactions
    - Investment reporting and policy review
  - Arbitrage Services
    - Review of bond issues and arbitrage computation
    - IRS filing deadlines, data collection, and analysis
    - Preparation of reports and IRS forms
    - Legal opinions on arbitrage rebate liability
    - Annual meetings to review requirements
- Contract Details:
  - Initial term of three years
  - Two optional one-year renewals
  - 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
  - Compliance with Texas laws
  - City may award multiple agreements
  - Encourages participation from Disadvantaged Business Enterprises (DBE), including women and minority-owned businesses
- No specific OEMs or vendors are named in the solicitation

### Description

The City of Galveston is soliciting sealed proposals for a contract to provide Investment Advisory Services and/or Arbitrage Services. The contract term is three years with two optional one-year renewals. Proposals must be submitted electronically by 2:00 PM CST on October 6, 2026. The City reserves the right to award multiple agreements and to reject any or all proposals. The solicitation encourages participation from Disadvantaged Business Enterprise vendors.

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