Syracuse Civicplus #100

Fiduciary Investment Advisory and Portfolio Management for Syracuse City

Syracuse City Corporation is seeking a fiduciary advisor to help manage approximately $43 million in public funds. - Government buyer: Syracuse City Corporation; Syracuse City, Finance office, Davis County, Utah. - Service requested: Investment advisory and portfolio management services; no product quantities or part numbers are specified. - Key requirements: The advisor must be a Certified Investment Advisor approved by the Utah Money Management Council and comply with the Utah Money Management Act and City investment policy. - Analyze cash balances, forecast cash flows, assess liquidity, and recommend an investment strategy, including when funds should remain in the Utah Public Treasurers Investment Fund versus being invested in authorized securities. - Create and manage the portfolio, monitor compliance, provide quarterly written performance reviews and appropriate benchmarks, and transparently report transactions and fees. - Attend Finance Committee or City Council meetings when requested. - Current holdings: Most funds are in the Utah Public Treasurers Investment Fund, with some in a certificate of deposit and an operating bank account. - Agreement: Anticipated five-year term, with annual renewals by mutual agreement. - OEMs and named vendors: None identified.

Description

Syracuse City seeks proposals for investment advisor services. The selected advisor will provide investment advice and serve as a fiduciary, in accordance with the Utah Money Management Act and the City's investment policy. The scope includes cash-balance analysis, investment strategy development, portfolio creation and management, compliance monitoring, performance reporting, and cash-flow forecasting. Proposals must be submitted on paper by December 4, 2026, at 11:00 AM; the City anticipates a five-year agreement with optional annual renewals by mutual agreement.

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