Request for Proposals (RFP) for General Investment Advisory Services

The City of Pinole invites qualified investments advisory firms to submit proposals for cash investment advisory services. The City is evaluating whether to engage a qualified firm to assist with cash management, investment recommendations, portfolio monitoring, and reporting.

The City seeks a firm with demonstrated experience serving California public agencies and the ability to provide prudent, cost-effective investment advice that complies with applicable laws and the City’s investment policy, and supports operating and liquidity requirements.

The selected firm shall provide general investment advisory services to the City of Pinole that include, but not limited to, the following:

A. Investment Advisory Services

• Review the City’s investment policy, cash management practices, current portfolio, and reporting procedures, and recommend improvements as appropriate.
• Recommend investment strategies consistent with applicable law and the City’s investment policy.
• Recommend appropriate maturity structures and investment allocations based on projected cash needs.
• Monitor market conditions, credit risks, interest-rate risks, and other risks.
• Recommend purchases, sales, reinvestments, or other portfolio adjustments.

B. Cash Flow and Liquidity Management

• Assist with cash flow forecasting and identifying funds available for investment.
• Coordinate investment maturities with projected cash requirements.
• Identify opportunities to invest available funds while maintaining sufficient cash to meet operating obligations.

C. Portfolio Monitoring

• Review the City's investment portfolio and recommend appropriate portfolio allocations.
• Monitor portfolio performance, investment maturity schedules, and portfolio diversification.
• Recommend adjustments to the portfolio in response to changing cash flow needs, market conditions, and applicable investment requirements.

D. Reporting and Ongoing Support

• Assist with preparing periodic investment reports detailing portfolio holdings, market values, earnings, yields, maturities, and investment performance.
• Assist with monitoring compliance with the City's Investment Policy and applicable legal requirements.
• Provide timely updates regarding material market developments and investment-related risks.
• Attend meetings with City staff and the City Council, as requested.
• Respond to questions and provide ongoing technical assistance regarding the City's investment portfolio.

The City is accepting **electronic proposal submissions**. Proposers shall create a FREE account with OpenGov Procurement by signing up at https://procurement.opengov.com/signup. Once you have completed account registration, browse back to this page, click on “Draft Response”, and follow the instructions to submit the electronic proposal.

The cover letter must contain a statement indicating that the proposal is valid for ninety days following the proposal due date.

The City will evaluate firms on the basis of the proposal (qualifications, key personnel, scope, and fee) and reference checks. Upon the City’s review of proposals, the City may invite firms for interviews.

The proposal shall include a statement by the firm that it has reviewed the City’s Standard Consulting Services Agreement (attached) and is willing to execute an agreement with those terms, including insurance requirements, for this project.

The firm awarded the contract will be required to have a City of Pinole business license.