Investment Advisory Services
Closed State & local contract opportunity
- Solicitation number
- RFP-604354-22/TLR
- State
- Florida
- Responses due
Opportunity facts
- Jurisdiction
- NIGP codes
- 26009 Casting, Filling, And Molding Materials: Artificial Stone, Clay, Gypsum Plaster, Investments (Bonded And Solder), Molding Resins, Porcelain, Etc.
- 946 Financial Services
- 94656 Investment Management Services
- 952 Human Services
- 953 Insurance And Insurance Services, All Types
- 958 Management And Operation Services
- 998 Sale Of Surplus And Obsolete Items
- UNSPSC codes
- 78100000 Mail and cargo transport
- 42152449 Dental impression material catalysts
- 42152423 Dental pit or fissure sealants
- 42152446 Dental cavities lining or thinner materials or sets
- 84121700 Investment advice
- 64102001 Education savings account
- 64102007 Basic investment account
- 84101702 Debt reorganization
- 84121702 Investment policy
- 70100000 Fisheries and aquaculture
Show all 44
- 70120000 Livestock services
- 70160000 Wildlife and flora
- 85150000 Food and nutrition services
- 30131707 Porcelain
- 42152418 Dental gypsum products
- 42152447 Dental stains or supplies
- 64102004 Individual retirement account IRA, personal
- 64102005 Individual retirement account IRA, public sector
- 84101701 Debt negotiation
- 84121701 Investment advisers
- 84121703 Investment analysis
- 84121704 Investment agreements
- 84000000 Financial and Insurance Services
- 84100000 Development finance
- 80110000 Human resources services
- 94120000 Clubs
- 80161510 Serious accident prevention and management services
- 42151900 Dental hygiene and preventive care equipment and supplies
- 42152445 Tooth facing or backing sets
- 42152435 Orthodontic elastomeric materials
- 64102003 Individual retirement account IRA, corporate
- 84121705 Market data
- 93141902 Rural investment services
- 92100000 Public order and safety
- 84130000 Insurance and retirement services
- 70140000 Crop production and management and protection
- 80100000 Management advisory services
- 81140000 Manufacturing technologies
- 42152434 Dental amalgamators
- 64102000 Investment accounts
- 64102002 Health savings account
- 64102006 Simplified employee pension SEP account
- 64102008 Managed investment account
- 84101703 Debt servicing
- Point of contact
-
- Tammy Roberts troberts@seminolecountyfl.gov (407) 665-7112
Opportunity details come from procurement.opengov.com. Updated .
About this opportunity
Seminole County Board of County Commissioners (SCBCC) is seeking investment advisory services through a competitive Request for Proposal (RFP) process for managing a portfolio valued between $650 million to $740 million. The procurement focuses on obtaining consulting services to provide investment policy recommendations, cash management consulting, and ongoing strategic guidance for county funds, with the selected firm prohibited from directly investing funds unless specifically directed by SCBCC. Key requirements include having at least one Chartered Financial Analyst (CFA) with a minimum of 20 years of public funds investment management experience, demonstrating a track record of managing at least $10 billion in public funds, and being knowledgeable of Florida investment statutes. The RFP was released on August 30, 2022, with a proposal submission deadline of September 21, 2022, at 2:00 PM Eastern Standard Time. Evaluation criteria will assess firm experience (20 points), account manager experience (20 points), accounting and reporting capabilities (20 points), experience with similar accounts (20 points), and fee proposal (20 points), with proposals being rated as "Highly Acceptable," "Acceptable," "Marginal," or "Unsatisfactory."
The RFP does not specify specific set-aside designations or restrictions for disadvantaged enterprises. The contract term is three years with the option to extend for two additional one-year periods, suggesting potential long-term engagement. While no incumbent vendor is mentioned, the draft agreement indicates the selected consultant will be compensated at a fixed fee to be determined, with monthly payments based on completed services. The consultant must maintain various insurance policies, including Professional Liability Insurance with limits of at least $1,000,000, Commercial General Liability, Workers' Compensation, and Business Auto Policy. The agreement requires the consultant to provide quarterly performance reports, attend monthly meetings, and consult with SCBCC on investment strategies, portfolio composition, and economic conditions. Seminole County reserves the right to conduct reference checks, require presentations, and make the final award based on the proposal presenting the best value to the county.
Opportunity text
The Seminole County Board of County Commissioners (SCBCC) is seeking proposals from firms with the experience and capabilities to provide investment advisory policy recommendations to the SCBCC for a portfolio that can range between approximately $650 million to $740 million.
Selected Proposer shall provide cash management consulting services relative to the cash management of County funds as required and approved by the SCBCC and following guidelines set by the State of Florida. Only consulting services shall be provided, as the selected Proposer shall not directly invest County monies unless specifically directed by the SCBCC.
Files
| File | Type | Posted |
|---|---|---|
| Investment_Advisory_Services.pdf | ||
| rfp-604354-22_pk_(update).pdf | ||
| Draft_Agreement.pdf |
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