Full-Time Non-Discretionary Investment Advisory Services

The City of Tigard, Oregon seeks a qualified firm to provide full-time, non-discretionary investment advisory services for its operating and capital funds.

Provide full-time, non-discretionary investment advisory services for short-term operating funds and capital funds.
Comply with ORS Chapter 294 and TVF&R's investment policy.
Submit all investment recommendations to the Chief Financial Officer for approval prior to execution.
Execute transactions, place trade orders, and support settlement activities upon approval.
Develop and implement investment strategies to enhance portfolio performance.
Document competitive pricing and maintain supporting trade documentation for audit purposes.
Conduct continuous economic, technical, and fundamental market research relevant to the portfolio.
Provide timely assessments of market conditions, interest rate environments, yield curve changes, credit developments, and macroeconomic events.
Conduct credit and risk management analysis of the investments in the portfolio.
Conduct due diligence reviews of current and proposed broker/dealers and recommend additions or removals.
Evaluate custodial and safekeeping arrangements and recommend improvements.
Establish appropriate benchmarks consistent with portfolio composition and policy requirements.
Provide quarterly investment reports, including current holdings, sector distribution, portfolio composition compared to policy limits, and performance results.
Provide online access to portfolio information and reports.
Review TVF&R's investment policy and recommend updates to ensure compliance with ORS Chapter 294 and evolving best practices.
Provide assistance with investment policy discussions and/or meetings with the TVF&R Board of Directors and/or Oregon Short-Term Investment Board.
Work with the Chief Financial Officer to develop cash flow projections.
Ensure the investment strategy aligns with liquidity needs and recommend adjustments when appropriate.
Provide an annual presentation to the TVF&R Board of Directors regarding market conditions, investment program, and portfolio performance upon request.
Submit a one-page signed Cover Letter addressing willingness, commitment, and reasons for selection, including firm and contact information.
Detail firm expertise and qualifications, specifically investment advisor experience for public entities within Oregon and Special Districts.
Describe the structure of the firm, including size, branches, and relationship to any parent organization.
Provide a perspective on historical investment returns for public-sector portfolios and methodology.
Demonstrate experience with drafting and reviewing investment policies, ensuring alignment with ORS Chapter 294.
Describe customer service philosophy, client communication approach, response time targets, and meeting frequency.
Describe approach to educating clients on various portfolio components and unique characteristics.
Provide sample portfolio reports, accounting transaction detail reports, journal entry templates, and client portal capabilities.
Provide background information for key staff assigned to TVF&R, including position, experience, education, and certifications.
Provide a fee structure, preferably in basis points relative to asset size, and describe invoicing.
Provide a list of at least three recent client references, with contact information and services provided, preferably one Oregon public entity.
Execute a Personal Services Contract with TVF&R.
Sign and return the TVF&R Confidentiality Agreement.
Comply with all applicable federal, state, and local laws, regulations, executive orders, rules, and ordinances.
Maintain Worker's Compensation, Employer's Liability, Comprehensive Automobile Liability, Comprehensive General Liability, and Professional Liability insurance.
Include TVF&R as an additional insured on policies.
Be a registered investment advisor under the Investment Advisers Act of 1940.
Provide current SEC Form ADV Part 2A (brochure) and Part 2B (brochure supplement).

$25,000 – $3,000,000

Issuance of Request for Proposal: March 18th, 2026

Deadline for Questions/Clarifications: March 27th, 2026, 9:00 AM PT

Deadline to Withdraw from RFP Process: Any time prior to deadline for Submission of Proposal

Deadline for Submission of Proposal: April 8th, 2026 @ 09:00 AM PT

Initial Evaluation of Proposal: April 9th-April 15th, 2026

Notice to Short List: April 15th, 2026

Interviews: April 22nd, 2026, 10:00 AM – 4:00 PM

Notice of Intent to Award: April 23rd, 2026

Contract Kickoff: May 4th, 2026

Tualatin Valley Fire & Rescue

Organization overview and procurement intelligence available on paid plans.

The government authority in Tigard, Oregon is seeking a vendor to provide full-time, non-discretionary investment advisory services for short-term operating funds and capital funds, including bond proceeds. The selected advisor will be responsible for portfolio management and execution, offering market and credit research, and ensuring comprehensive broker/dealer and custodial oversight.

Additional responsibilities include setting benchmarks, conducting performance evaluation and reporting, performing regular policy review and compliance, and undertaking cash flow analysis along with strategic planning. All questions related to the RFP must be submitted no later than March 27, 2026.

Full-Time Non-Discretionary Investment Advisory Services

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