Investment Management Services
Closed State & local contract opportunity Posted
- Solicitation number
- RFP-12057
- State
- Florida
- Responses due
Opportunity facts
- Jurisdiction
- UNSPSC code
- Point of contact
-
- Kendall Siemiatkoski ksiemiat@sjrwmd.com (386) 312-2324
Opportunity details come from vendor.myfloridamarketplace.com. Updated .
About this opportunity
The St. Johns River Water Management District is seeking proposals for Investment Management Services through RFP 41027, soliciting qualified investment managers registered with the Securities and Exchange Commission to provide comprehensive investment supervision and direction. The procurement targets a three-year contract from October 1, 2025 to September 30, 2028, with potential renewal for two additional 24-month terms. Respondents must demonstrate professional competence in managing public funds, with the District currently holding approximately $144 million in cash and investments, though proposals should focus on managing $100 million. Key deliverables include executing securities transactions, providing monthly and quarterly performance reports, conducting investment reviews, and maintaining compliance with District Investment Policy 320. The investment manager will be responsible for prioritizing capital safety, fund liquidity, and optimal return rates while adhering to authorized investment guidelines. Proposals are due by 2:00 p.m. on April 23, 2025, with a non-mandatory virtual pre-proposal conference scheduled for April 7, 2025.
The procurement appears open to all qualified SEC-registered investment management firms without specific set-aside designations or enterprise restrictions. The current investment manager is Public Trust Advisors, LLC, whose contract expires on September 30, 2025, indicating this is a competitive rebid opportunity. Compensation will be structured as a fee schedule tied to assets under management, with specific requirements including maintaining an approved broker/dealer list and providing professional presentations to the Governing Board. Respondents must complete a comprehensive questionnaire detailing their institutional client base, asset management capabilities, historical returns, team composition, compliance standards, and specific investment management approaches. While exact compensation is not specified, the $100 million investment portfolio suggests a substantial potential contract value. The District will evaluate proposals based on the respondent's financial capabilities, regulatory compliance, client service team qualifications, investment management experience with government agencies, portfolio management techniques, and potential conflicts of interest.
Opportunity text
Description of Services:
The District is currently seeking proposals from qualified Investment Managers of demonstrated professional competence and experience to perform investment management services to supervise and direct the investments of the District. The District intends to select one management firm registered with the Securities and Exchange Commission (SEC) under the Investment Advisor's Act of 1940 who will act in a fiduciary capacity for the District, providing investment management services described herein. Investment management services will be performed on a contract fee basis. The term of this contract will be three (3) years (October 1, 2025 - September 30, 2028). The contract may be renewed for two (2) 2-year terms with mutual written consent from both parties.
The District's current investment manager is Public Trust Advisors, LLC. The services were procured in 2020, and the final renewal term expires September 30, 2025.
The District's cash and investments were approximately $144 million as of September 30, 2024. Approximately $20 million of the funds are restricted and are outside the services to be provided by Respondent. Respondents are instructed that for the purposes of Request for Proposals, 41027, Respondent will base its Proposal on having $100 million available for investment purposes.
Files
| File | Type | Posted |
|---|---|---|
| RFP_41027_Invest_Mgnt_Serv.pdf | ||
| Attachment I - Questionnaire.xlsx | XLSX spreadsheet |
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