# Galveston Civicplus #RFP 26-06

City of Galveston RFP for Investment Advisory and Arbitrage Services

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

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.

[View original listing](https://tx-galveston2.civicplus.com/bids.aspx?bidID=641)