Exempt-IFA- Investment Manager- FY26
Ended Open Market Exempt - Other Illinois Awarded
- Contract number
- 26-560IFA-IFA56-P-83376
- Awardee
- Fifth Third Wealth Advisors LLC
- Contracting organization
- IFA560 - Illinois Finance Authority
- Contract amount
- $95,000
Award facts
- Completion date
- NIGP code
- UNSPSC codes
- 64102004 Individual retirement account IRA, personal
- 64102005 Individual retirement account IRA, public sector
- 84101701 Debt negotiation
- 84121701 Investment advisers
- 84121704 Investment agreements
- 84121703 Investment analysis
- 84121700 Investment advice
- 64102001 Education savings account
- 64102007 Basic investment account
- 84101702 Debt reorganization
Show all 19
- 84121702 Investment policy
- 64102003 Individual retirement account IRA, corporate
- 84121705 Market data
- 93141902 Rural investment services
- 64102000 Investment accounts
- 64102002 Health savings account
- 64102006 Simplified employee pension SEP account
- 64102008 Managed investment account
- 84101703 Debt servicing
Award details come from bidbuy.illinois.gov. Updated .
About this award
Fifth Third Wealth Advisors LLC has been awarded a contract by the Illinois Finance Authority (IFA) for pooled fixed income investment management services. The contract, identified as Open Market Exempt - Other 26-560IFA-IFA56-P-83376, covers the period from August 1, 2025, through July 31, 2026, with a total contract value of $95,000.00.
The scope of services involves investment management with a fee structure of 5 basis points calculated on the aggregated market value of assets for the Illinois Finance Authority. This contract represents a professional financial services engagement where Fifth Third Wealth Advisors will provide specialized investment management for the state agency, with the fee schedule remaining constant throughout the one-year performance period. The contract was awarded in Illinois and is classified as an open market exempt procurement.
Line items
| Item | Total |
|---|---|
| Pooled fixed income investment management from August 1, 2025, through July 31, 2026. The schedule of fees remains 5 basis points on the aggregated market value of assets for the Illinois Finance Authority. This schedule of fees remains in effect through July 31, 2026. | — |
Quick answers
Who was awarded contract 26-560IFA-IFA56-P-83376?
Contract 26-560IFA-IFA56-P-83376 was awarded to Fifth Third Wealth Advisors LLC by IFA560 - Illinois Finance Authority on August 1, 2025.
How much is contract 26-560IFA-IFA56-P-83376 worth?
Its contract amount is $95,000.
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