Galveston Civicplus #RFP 26-06

City of Galveston RFP for Investment Advisory and Arbitrage Services

The City of Galveston, Texas is seeking proposals for professional financial services to manage and advise on its $100+ million investment portfolio. - Government Buyer: - City of Galveston, Department of Finance Purchasing Division - Services Requested: - 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 - Notable Requirements: - Vendors must be registered investment advisors with experience in fixed income securities - Compliance with Texas laws and the Texas Public Information Act - Pricing proposals may be based on basis points, fixed quarterly fees, annual flat fees, or arbitrage fees - City reserves the right to award multiple agreements - Encouragement of participation from Disadvantaged Business Enterprises (DBE), including veteran, women, and minority-owned businesses - No specific OEMs or vendors are named in the solicitation - Contract term is three years, with two optional one-year renewals

Description

The City of Galveston is soliciting sealed proposals for a contract to provide Investment Advisory Services and/or Arbitrage Services. The services are detailed in the solicitation and proposals must be submitted electronically via the City's online portal by October 6, 2026, at 2:00 PM CST. The contract term is three years with two optional one-year renewals. The City encourages participation from Disadvantaged Business Enterprises including veteran, women, and minority-owned businesses.

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