Broker/Dealer Qualification Questionnaire for Establishment of the City of Raleigh Approved Broker/Dealer Investment Pool

The City of Raleigh, North Carolina is soliciting broker/dealer qualification questionnaires for establishment of an approved Broker/Dealer Investment Pool supporting the City's $1.8 billion investment portfolio, with responses due October 14, 2026 at 4:00 p.m. ET. The City intends to select no more than five qualified broker/dealers for a five-year period.

Eligibility requires current audited financial statements, proof of NASD certification (unless the respondent is a bank), and a signed certification confirming review of the City's Investment and Portfolio Policy and N.C.G.S. 159-30. The portfolio consists primarily of U.S. Treasury and Agency obligations, bank accounts, money market accounts, and investment pools. All securities must be delivered against payment to the City's designated third-party custodian.

The evaluation committee will assess material litigation history, regulatory status, completeness of submissions, reputation, experience with public funds, financial condition, and transaction failure rates. The committee may request virtual or in-person interviews and supplemental information. Approval for inclusion in the pool does not guarantee any minimum number, volume, or value of transactions. The City reserves the right to remove broker/dealers from the approved pool upon thirty days' written notice if firms no longer meet qualification requirements or if performance, regulatory, transaction, or other concerns warrant removal.

Respondents bear all costs associated with preparing and submitting responses, with no reimbursement from the City. Direct inquiries to Laura Broda, Investment & Cash Manager, at laura.broda@raleighnc.gov.