Written Request for Clarification Response.pdf
PDF 111 KB Posted
- Attached to
- Investment Consultant Services
- Solicitation number
- ITN-11419
- Issued by
- Leon County, Florida
About this file
This document is a Board Response to Written Requests for Clarification relating to Invitation to Negotiate (ITN) 25-01 for Investment Consultant Services issued by the Florida Prepaid College Board. The document contains responses to two specific questions submitted by Marquette Associates, Inc. regarding investment solutions and potential changes to existing investment menus for the Florida 529 Savings Program and Florida ABLE Savings Program. The questions were submitted as part of the clarification process for the ITN, with responses indicating that the most frequently requested new investment option is a fixed return/guaranteed product, and currently, no specific changes are being contemplated to the existing investment menus, though the Board remains open to improvement ideas.
The responses reveal that the Florida Prepaid College Board is seeking an independent investment consultant to provide comprehensive services for two investment programs totaling approximately $1.6 billion in assets. The Board is continuously reviewing its investment options and welcomes suggestions that could enhance the Savings and ABLE Programs. The clarification document demonstrates the Board's commitment to transparency and engagement with potential respondents by providing clear, concise answers to inquiries about the investment consulting services procurement process.
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Text version
ITN 25-01: Board Response for Written Requests for Clarification Page 1 of 2
BOARD RESPONSE TO WRITTEN REQUESTS FOR CLARIFICATION
RELATING TO:
Invitation to Negotiate
Investment Consultant Services
# 25-01
January 29, 2025
Florida Prepaid College Board 1801 Hermitage Blvd., Suite 210
Tallahassee, Florida 32308
(850) 488-8514
ITN 25-01: Board Response for Written Requests for Clarification Page 2 of 2
Memorandum
To: Prospective Respondents, ITN 25-01
From: Florida Prepaid College Board
Date: January 27, 2025
Subject: Board Response to Written Requests for Clarification relating to ITN 25-01:
Investment Consultant Services
Any questions concerning conditions and specifications of this RFQ were required to be submitted in the form of written questions, on the Request for Clarification Form, and pursuant to the schedule in Section 2.01. Please note, if any of these requirements were not met, the questions may not be included in the answer section below.
Company Name: Marquette Associates, Inc.
Question RFQ Section RFQ
Page Question/Comment
1 Appendix B response packet, consulting services/program design, questions
6-7
Page 9 What types investment solutions are most frequently requested by account holders which are not currently offered within the Savings Plan or ABLE United?
For both the Savings and ABLE Programs, the most frequent request for an new investment option is a fixed return/guaranteed product.
2 Appendix B response packet, consulting services/program design, questions
6-7
Page 9 Are there any changes already being contemplated to the existing investment menus of either plan?
Currently there are no specific changes being contemplated. However, the Board is continuously reviewing the investment menu and is open to any ideas that help improve the programs.
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