ESBD_544703_1786132647566_BCMUD_QA_Investment Advisory Services.pdf
PDF 119 KB Posted
- Attached to
- RFQ: Public Investment Advisory Services
- Solicitation number
- 204-07312026
- Issued by
- Texas
About this file
This is a Question and Answer document for a Request for Qualifications (RFQ) issued by Brazos County Municipal Utility District (BCMUD) in Texas for Public Investment Advisory Services. The search for a new investment advisor is being conducted at the direction of the Board and in compliance with the Public Funds Investment Act (PFIA). The RFQ seeks qualified firms to provide investment advisory services for the management of municipal funds utilized for ongoing operating expenses, Capital Improvement Projects, and bond-funded initiatives. No specific response deadline, site visit requirements, or bidders' conference information is detailed in this Q&A document.
The incumbent service provider, MEEDER Public Funds, is invited to rebid on the engagement. BCMUD currently maintains approximately $40 million in investments on average, with an additional $30 million in bond proceeds expected to be awarded in October 2026. The current compensation structure is a flat fee of $5,000 per quarter ($20,000 annually), which BCMUD has indicated it prefers to continue as the pricing format for the new engagement. The District's Investment Policy Statement has been provided to potential bidders as a separate attachment to guide proposal development.
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Text version
BCMUD Q&A for RFQ - Investment Advisory Services
1. Why is the search being conducted at this time?
Answer: At the direction of the Board and compliance with PFIA.
2. Which firm currently provides the services and are they invited to rebid?
Answer: MEEDER Public Funds. Yes, they are invited to rebid.
3. Can you please disclose the amount of assets the awarded advisor will be responsible for? And in what the funds are utilized for (e.g. bond projects, ongoing expenses, scholarships, etc)
Answer: Approximately and Average of $40 million in investments, with $30 million in Bond proceeds to be awarded in October 2026. Funds are utilized for ongoing operating expenses, Capital Improvement Projects and Bond projects.
4. Is there an incumbent investment advisor? If so, can you please disclose the company?
Answer: MEEDER Public Funds.
5. Can you please share the current fee charged for the services, and if it's an asset-based fee or flat-fee, and if the MUD has a preference for pricing format moving forward?
Answer: Current FLAT fee is $5,000/QTR, $20,000 annually. Flat fee preferred.
6. Can you please share the MUD's current Investment Policy Statement?
Answer: Please see separate attachment - Investment Policy and Investment
Strategies.
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