NAICS code 523940, Portfolio Management and Investment Advice, encompasses professional services focused on managing investment portfolios, providing strategic financial guidance, and delivering comprehensive investment management solutions. These services typically involve analyzing market trends, developing investment strategies, managing asset allocations, and offering specialized advisory services to institutional and government clients. The scope includes active portfolio management, investment research, risk assessment, and strategic financial consulting across various investment domains. Recent federal contract awards in this NAICS category demonstrate significant activity, primarily from the Pension Benefit Guaranty Corporation (PBGC) and the International Development Finance Corporation (IDFC). Contract values range from $130,000 to $3,000,000, with performance periods spanning one to ten years. Frequently awarded entities include investment management firms like Longfellow Investment Management, Pugh Capital Management, New Century Advisors, and professional services firms such as KPMG LLP. Most contracts are firm fixed-price definitive or delivery orders, with no specific set-aside designations, though many awarded firms are small disadvantaged, minority-owned, or woman-owned businesses. Performance locations are primarily in major metropolitan areas like Washington, D.C., Seattle, and Pittsburgh. The most recent federal contract opportunity, posted by PBGC, seeks active emerging market equity investment management services for a $250-$400 million portfolio. The solicitation aims to identify an investment manager capable of outperforming the MSCI Emerging Markets Index, with comprehensive requirements including portfolio risk management, trading services, fund flows management, and strict data security protocols. The agency is exploring innovative contract structures like "fixed rate variable quantity" and seeking industry input on contract length, with a potential 5-year term. The opportunity emphasizes extensive reporting requirements, including monthly performance reports, quarterly compliance documentation, and robust information security standards.
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Last Date To Order (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
77344424D0015 | Open Capital Group LIMITED | $7.5m | 12/21/23 | 12/31/28 | 12/21/23 | |
77344424D0022 | Kpmg LLP | $7.5m | 1/16/24 | 12/31/28 | 1/16/24 | |
77344424D0012 | The Boston Consulting Group Inc. | $7.5m | 12/23/23 | 12/31/28 | 12/21/23 | |
77344424D0018 | WSP USA Solutions Inc. | $7.5m | 12/22/23 | 12/31/28 | 12/22/23 | |
77344424D0016 | Jones Lang Lasalle Americas, Inc. | $7.5m | 1/4/24 | 12/31/28 | 1/4/24 |
Name | Description | Awardee | Potential Value (Click to sort descending) | Award Date (Click to sort descending) | Completion Date (Click to sort descending) | Updated At (Click to sort descending) |
|---|---|---|---|---|---|---|
Purchase Order FA561324P0003 | Productable Inc. | $150.0k | 2/26/24 | 2/25/25 | 2/9/24 | |
Delivery Order 77344424D0022-77344424F0098 | Kpmg LLP | $300.0k | 6/11/24 | 7/29/24 | 6/11/24 | |
Definitive Contract 16PBGC23C0019 | New Century Advisors LLC | $382.2k | 7/1/23 | 12/31/23 | 4/9/24 | |
Definitive Contract 16PBGC24C0033 | Longfellow Investment Management Co., LLC | $1.6m | 1/1/24 | 12/31/25 | 10/22/24 | |
Definitive Contract 16PBGC24C0037 | New Century Advisors LLC | $1.8m | 1/1/24 | 12/31/25 | 10/22/24 |
Name | Description | Solicitation Number | Federal Agency | Type | Posted Date (Click to sort descending) |
|---|---|---|---|---|---|
Virtual Industry Day - Escrow and Investment Fund Management Support Services | 33174VID | Department of Agriculture Rural Housing Service | Special Notice 2/2 | 10/13/23, 12:53 PM | |
DFC Direct Equity Consultant Services | 77344423Q0019 | International Development Finance Corporation | Solicitation 2/2 | 7/20/23, 11:56 AM | |
Direct Equity Consultant Services - Multiple Award IDIQ | 77344423Q0019 | International Development Finance Corporation | Pre-Solicitation 1/2 | 7/10/23, 4:18 PM | |
Investment Consulting Services | 89303023NEE00022 | Department of Energy Headquarters | Solicitation 2/3 | 2/20/23, 11:58 PM | |
investment management services for Emerging Market Debt (EMD) | 170002 | Pension Benefit Guaranty Corporation | Special Notice 1/1 | 12/28/23, 10:51 AM |
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