Investment Advisory and Management Services

Overview

Financial, Legal, HR & Staffing

Newark, New Jersey, United StatesPosted about 1 month agoDeadline: April 28th, 2026

Fit Score

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SUMMARY

A Newark, New Jersey government authority seeks investment advisory and management services covering portfolio diversification, policy development, compliance, and educational workshops.

KEY REQUIREMENTS

Must have at least ten years of experience in business providing investment advisory and management services
Must maintain all authorizations, permits, licenses, and certifications required by federal and state law
Must provide proof of a Business Registration Certificate
Must provide a bid guarantee of 10% of the total price bid, not to exceed $20,000
Must provide a Certificate of Surety with Power of Attorney
Must provide insurance coverage including Commercial General Liability, Commercial Auto Liability, Professional Liability, Excess Liability, Worker's Compensation, and Cyber Liability
Must submit one original and three hard copies of the bid, plus one electronic copy on a USB flash drive
Must be available for interview or presentation if requested

BUDGET

Estimate

$50,000 – $250,000

CONTRACT DURATION

12 months

TIMELINE

Advertised Date: April 2nd, 2026

Last Day for Questions: April 13th, 2026

Bid Due Date and Time: April 28th, 2026

QUESTION DEADLINE

April 13th, 2026

Issuing Agency

Essex County College

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in Newark, New Jersey seeks a qualified vendor to provide investment advisory and management services. The selected firm will be responsible for integrating mission-aligned and regionally focused investment principles into a diversified, multi-asset portfolio, ensuring effective and cost-efficient advisory and fund management in compliance with the authority's Investment Policy.

Key responsibilities include assisting in the development, implementation, and periodic review of the Investment Policy Statement, as well as development of investment policies, reporting mechanisms, and strategic planning. The vendor will also conduct studies and make recommendations to align investments with the institution’s goals and risk tolerance, ensuring full compliance with applicable federal and state laws relevant to nonprofit and higher education investments.

Additionally, the contractor is expected to prepare and deliver overview presentations or educational workshops on markets and investment strategies. These workshops should provide a macro overview of key investment managers, asset types, trends, and success factors to inform stakeholders and support ongoing education.

Source attribution

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