City of Euless Request for Information (RFI) – Investment Advisory Services

The City of Euless, Texas is issuing a Request for Information (RFI) seeking qualified investment advisory firms to provide comprehensive portfolio management and advisory services for the municipality's investment portfolio and general reserves. The City, a municipality of approximately 61,555 residents, currently manages $189,901,641 in cash and investments as of fiscal year-end September 30, 2025. Respondents must provide detailed information across multiple categories including firm overview, personnel and experience, investment philosophy, performance and benchmarking capabilities, risk management strategies, fee structures, compliance standards, and reporting capabilities. The advisory services must support the City's four primary investment objectives—compliance, safety of principal, liquidity, and yield—while assisting with investment policy review, cash flow analysis, performance measurement, reporting, and audit assistance. Key qualifications include demonstrated experience in municipal investment portfolio management, understanding of Texas Government Code Chapter 2256 (the Public Funds Investment Act), and the ability to benchmark performance against appropriate indices such as three-month U.S. Treasury Bills or the Federal Reserve Discount rate. Responses must be submitted in PDF format to Jeremiah Zavala, Budget & Treasury Manager, at jvasquezzavala@eulesstx.gov or jjewell@eulesstx.gov by 5 p.m. Central Time on April 30, 2026, with the RFI posted on April 2, 2026.

The RFI does not specify set-aside designations, restrictions on organizational types, or disadvantaged enterprise requirements in the available documentation. No incumbent vendors or current contractors are identified, though the City notes it currently performs investment activities in-house through the Director of Finance and Assistant Director of Finance serving as authorized investment officers. The existing investment program utilizes six authorized broker-dealers (FHN Financial, Hilltop Securities, Stifel, SouthState Duncan Williams, Samco Capital Markets, and Financial Northeastern Securities) and maintains a diversified portfolio comprising 67 percent overnight local government investment pools and 33 percent government agencies and certificates of deposit. Prospective firms should be prepared to address fee structures using flat, asset-based, tiered, or alternative compensation models, as well as their regulatory compliance history over the past ten years and fiduciary status. The RFI does not specify pricing terms, award values, or contract term length, as this is an information-gathering phase designed to assess firm qualifications rather than a formal competitive bid solicitation.