Broker, Investment Advisor and Custodial Services

Overview

Financial, Legal, HR & Staffing

Watertown, New York, United StatesPosted 21 days agoDeadline: May 19th, 2026

Fit Score

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SUMMARY

Watertown, NY seeks a provider for broker, investment advisor, and custodial services with a five-year contract period.

KEY REQUIREMENTS

Must be registered and authorized to conduct business in New York State
Must have proven experience in providing investment advisory services to public entities
Must have continuous investment advisory services experience for a minimum of seven years
Must demonstrate compliance with all relevant New York State laws
Must have a proven track record of managing portfolios of similar size and complexity
Must be a bank or trust company organized under the laws of the State or the United States of America for investment bankers, brokers, agents and dealers
Must be a bank or trust company organized under the laws of the State or the United States of America for investment advisors
Must be a bank or trust company organized under the laws of the State or the United States of America with a minimum rating of AA- or higher (S&P/Fitch) Aa3 or higher (Moody’s) for Custodian

BUDGET

Verified

$91,000,000

CONTRACT DURATION

60 months

TIMELINE

Question Period Closes: May 8th, 2026

Electronic Submission of Proposals Due: May 19th, 2026

QUESTION DEADLINE

May 8th, 2026

Issuing Agency

Development Authority Of The North Country

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority in Watertown, New York is seeking a vendor to provide comprehensive broker, investment advisor, and custodial services. The selected provider will serve as an investment advisor and broker, managing and strategically allocating the authority's investment portfolio while ensuring full compliance with relevant state laws, regulations, and the authority's specific investment policies.

Key responsibilities include developing investment strategies, overseeing portfolio management, ensuring adherence to investment policy, delivering detailed reporting and performance measurement, providing market insights and educational resources, and conducting custodial services for investment accounts. The contract is expected to span five years, and all inquiries related to this solicitation must be submitted no later than May 8, 2026.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.