Exempt-IFA- Investment Manager- FY27
Active Open Market Small Purchase Illinois Awarded
- Contract number
- 27-560IFA-IFA56-P-99075
- Awardee
- Fifth Third Wealth Advisors LLC
- Contracting organization
- IFA560 - Illinois Finance Authority
- Contract amount
- $95,000
Award facts
- Completion date
- NIGP code
- UNSPSC codes
- 84121700 Investment advice
- 64102001 Education savings account
- 64102007 Basic investment account
- 84101702 Debt reorganization
- 84121702 Investment policy
- 64102000 Investment accounts
- 64102002 Health savings account
- 64102006 Simplified employee pension SEP account
- 64102008 Managed investment account
- 84101703 Debt servicing
Show all 19
- 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
- 64102003 Individual retirement account IRA, corporate
- 84121705 Market data
- 93141902 Rural investment services
Award details come from bidbuy.illinois.gov. Updated .
About this award
The Illinois Finance Authority (IFA) awarded an open market small purchase contract to Fifth Third Wealth Advisors LLC (Vendor ID V00041005) on August 1, 2026, for pooled fixed income investment management services. The contract period extends from August 1, 2026, through July 31, 2027, with a total contract value of $95,000. The compensation structure is based on a fee schedule of 5 basis points applied to the aggregated market value of assets under management for the Illinois Finance Authority.
Fifth Third Wealth Advisors LLC will serve as the prime contractor delivering investment management services for fixed income pooled funds throughout the contract period. The fixed income investment management services encompass portfolio management, administrative support, and related investment services as specified in the contractual arrangement. This small purchase contract represents a standard procurement vehicle utilized by the Illinois Finance Authority for the acquisition of specialized investment advisory services.
Line items
| Item | Total |
|---|---|
| Pooled fixed income investment management from August 1, 2026, through July 31, 2027. 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, 2027. | $95,000.00 |
Quick answers
Who was awarded contract 27-560IFA-IFA56-P-99075?
Contract 27-560IFA-IFA56-P-99075 was awarded to Fifth Third Wealth Advisors LLC by IFA560 - Illinois Finance Authority on August 1, 2026.
How much is contract 27-560IFA-IFA56-P-99075 worth?
Its contract amount is $95,000.
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