Investment Advisor Services

Overview

Financial, Legal, HR & Staffing

Cottonwood Heights, Utah, United StatesPosted 15 days agoDeadline: May 11th, 2026

Fit Score

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SUMMARY

Utah government seeks an investment advisor to actively manage Metro Water's investment portfolio, requiring details on services, philosophy, and transparent fee structures.

KEY REQUIREMENTS

Must be a registered investment adviser under the Investment Advisers Act of 1940
Must have current registration with the Money Management Council or equivalent national organization
Must maintain insurance coverage as specified in the RFP
Must provide a minimum of two portfolios of a type, nature and size similar to Metro Water's investment portfolio
Must submit proposal electronically via U3P
Must not exceed fifteen pages for the proposal
Must certify not currently engaged in a boycott of the State of Israel

BUDGET

Estimate

$35,000,000

CONTRACT DURATION

60 months

TIMELINE

Proposals due: May 11th, 2026

Interviews (if necessary): Week of May 26th, 2026

Board action: June 15th, 2026

Issuing Agency

Metropolitan Water District Of Salt Lake & Sandy

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DESCRIPTION

A government authority in Utah is seeking investment advisor services for active management of Metro Water's investment portfolio. The consultant is required to provide details regarding the total amount of assets managed, a comprehensive list of investment management services, information about additional products or services offered, and an overview of their investment philosophy and style.

The selected advisor must describe their approach to investment decision-making, risk measurement, and the checks and balances used for monitoring investment transactions, including research capabilities and processes. Candidates will be expected to submit a fee proposal outlining all applicable fees and charges, categorized by type and amount, such as management fees, brokerage commissions, custodial fees, internal fund fees, 12b(1) fees, back end loaded fees, hourly rates, and standard expenses.

The consultant will develop a detailed scope of work for the management of the portfolio, ensuring transparency in all charges associated with Metro Water's funds.

Source attribution

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