RFP for Conservatorship Investment Services for Professional Investment Advisor

The Oregon Department of Administrative Services, on behalf of the Oregon Department of Veterans Affairs (ODVA), is soliciting proposals for Conservatorship Investment Services under RFP S-DASOBO-00016480. This is a professional services procurement seeking a qualified financial advisor to provide comprehensive investment consultation, management, and advisory services for the ODVA Conservatorship Program, which serves veterans and their families determined to be financially incapable of managing their own resources. Key deliverables include reviewing and managing existing investment portfolios to ensure person-centered resource utilization, assessing individual risk thresholds, forecasting market trends, implementing approved investment actions, serving as the primary point of contact for conservatorship asset management, reviewing select clients without current investment portfolios to assess future needs, and providing consultation and training to ODVA staff regarding investment matters. The proposer must designate a Key Person with a minimum of seven years' experience in financial advising, demonstrated knowledge of professional fiduciary and conservatorship services, and current licensure as an Investment Advisor Representative (IAR) from the Oregon Division of Financial Regulation. Evaluation will be conducted on a 100-point scale: Technical Proposal and Implementation Plan (50 points), Form ADV submission (20 points), and Price Proposal (30 points). The pre-proposal conference is scheduled for April 8, 2026, at 10:00 AM with questions and clarifications due the same day by 5:00 PM; proposals are due April 22, 2026, at 10:00 AM; and the Notice of Intent to Award is anticipated by May 15, 2026. The initial contract term is two years with options to renew for additional terms, and all submissions must be made electronically through OregonBuys, including Form ADV (Parts 1 and 2), technical proposal with implementation plan not exceeding 500 words, price proposal with detailed staffing information, and supporting documentation such as Reference Check Forms, Responsibility Inquiry forms, and COBID certification outreach plans.

The State of Oregon actively encourages participation from certified disadvantaged business enterprises, including minority-owned businesses (MBEs), women-owned businesses (WBEs), service-disabled veteran-owned businesses (SDVOs), and emerging small businesses (ESBs), with COBID certification requirements clearly outlined. The RFP contains no incumbent vendor information in the provided documentation, though proposers must complete an Outreach Plan demonstrating their strategy for soliciting certified firms for any anticipated subcontracting opportunities. Proposers must maintain comprehensive insurance coverage including workers' compensation, commercial general liability at $1,000,000 per occurrence/$2,000,000 aggregate, automobile liability at $1,000,000 combined single limit, professional liability at $5,000,000 per claim/$10,000,000 aggregate, and network security and privacy liability at $1,000,000 per claim. Proposers must be licensed by the Oregon Division of Financial Regulation and comply with all applicable federal, state, and local laws, including tax law compliance, non-discrimination requirements, and wage equity certification if applicable. No specific contract value or budget range is disclosed in the RFP documentation; the contract is established on a not-to-exceed basis with compensation contingent upon ODVA's receipt of appropriations and sufficient funding authority. The contractor will be classified as an independent contractor responsible for all taxes and withholding, and the contract may be terminated by the Agency with 30 days' notice or immediately if funding is withdrawn or legal prohibitions arise.