UNSPSC 64102008: Managed investment account

An investment account that is owned by an individual investor and looked after by a hired professional money manager.

UNSPSC 64102008 Managed investment account is a Commodity code. State and local governments procure investment management and advisory services under this code to manage operating funds, endowments, pension plans, trust funds, and public bond proceeds. Recent solicitations show demand for both discretionary portfolio management and non-discretionary advisory services, with scope ranging from fixed-income portfolio oversight to comprehensive fiduciary support and participant education across multiple fund types. Issuers span state treasuries and comptrollers' offices, municipal finance departments, county clerks and comptrollers, water districts, higher-education and junior-college institutions, public housing authorities, and specialized funds such as teacher retirement systems and local government investment pools. The Texas Comptroller of Public Accounts appears multiple times as a repeat buyer, managing TexPool and TexPool Prime on behalf of local government participants, while state treasury departments and municipal finance offices represent the bulk of issuing bodies.

Recent opportunities concentrate in Texas and Florida, with additional activity in Georgia, Oregon, North Carolina, Arizona, and California. The Texas Comptroller of Public Accounts posted solicitation 240L on July 16, 2026, seeking investment management and related services for TexPool and TexPool Prime, approximately $58.4 billion in combined assets across roughly 3,700 participants, with proposals due September 2, 2026, under an RFP format requiring a mandatory VetHUB Subcontracting Plan. The City of Sarasota, Florida issued RFP #26-36HR on July 13, 2026, for investment consulting services managing an OPEB Trust Fund of approximately $60 million, with proposals due August 19, 2026. Hillsborough County, Florida posted RFP 02/26 on June 9, 2026, for fixed-income investment management of approximately $1.5 billion in short-term operating and reserve funds, with proposals due July 10, 2026, and established a cooperative-purchasing vehicle available to other Florida municipalities. Additional recent activity includes solicitations from Texas Southmost College and Wharton County Junior College for endowment and public-funds advisory, Collin County Community College District for non-discretionary portfolio management of approximately $520 million, and the Georgia Housing and Finance Authority for fixed-income portfolio management of approximately $80 million, reflecting sustained demand across educational, municipal, and state-agency buyers for institutional-scale investment services.