Request for Qualifications - Investment Advisor

The City of Enid, Oklahoma, located in Garfield County, is seeking a qualified Investment Advisor through a Request for Qualifications (RFQ) to provide comprehensive investment management services for its General Fund and associated Authorities. The procurement aims to secure a registered investment advisory firm with a minimum of ten years of experience in municipal investment advisory services, maintaining good standing with regulatory bodies such as SEC and FINRA. Key deliverables include developing investment strategies, recommending asset allocations, executing investment decisions, monitoring portfolio performance, and ensuring compliance with local, state, and federal regulations. The evaluation criteria will focus on the firm's relevant experience managing public sector investment portfolios, alignment of investment strategy with city objectives, competitiveness of fee structure, and positive references from municipal or government clients. Submissions are due by 4:00 pm on Wednesday, April 30, 2025, and must be delivered to the City Clerk at 401 W Owen K Garriott, Enid, OK 73701, with firms required to submit one original and three copies of their response.

The RFQ does not specify explicit set-aside designations or restrictions on participating organizations, suggesting the opportunity is open to qualified investment advisory firms meeting the specified criteria. The City reserves the right to reject any submissions and negotiate with qualified firms during the selection process. No information is provided about incumbent vendors or existing investment management infrastructure that would require integration. While specific budget ranges are not disclosed, the comprehensive nature of the investment advisory services suggests a potentially significant engagement. Firms responding to the RFQ must provide detailed information including firm overview, experience, investment approach, key personnel qualifications, fee structure, and compliance statements. The procurement represents an opportunity for an investment advisory firm to establish a long-term relationship with the City of Enid by demonstrating expertise in municipal investment management and alignment with the city's financial objectives.