Investment Management and Advisory Services

Overview

Financial, Legal, HR & Staffing

Indio, California, United StatesPosted about 1 month agoDeadline: April 27th, 2026

Fit Score

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SUMMARY

The City of Indio, California is seeking vendors to provide independent, non-discretionary investment management and advisory services, including regular performance reporting and market analysis.

KEY REQUIREMENTS

Must be a registered Investment Advisor as defined and regulated by the Securities and Exchange Commission (SEC)
Must be registered in the State of California
Must be independent of any financial institution and/or securities brokerage firm relevant to the firm's relationship with the entity
Must perform to the Prudent Expert Standard
Must have a valid City of Indio business license before execution of the contract
Must provide one electronic copy of the Work Proposal and one electronic copy of the Cost Proposal
Must provide a certificate of insurance showing carrier, A.M. Best Rating, scope of coverage, limits, and deductibles
Must provide a copy of the firm's most recent ADV Part II as on file with the SEC

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

36 months

TIMELINE

Release of RFP: April 2nd, 2026

Submittal of Questions Deadline: April 17th, 2026, by 3:00PM

City Response to Questions: April 22nd, 2026, by 5:00PM

Proposal Due Date: April 27th, 2026, by 3:00PM

Proposal Review/Evaluation: Week of May 4th, 2026

Interview Finalists: Week of May 13th, 2026

Negotiation of Contract: Week of May 18th, 2026

Award of contract by City Council: June 3rd, 2026

QUESTION DEADLINE

April 17th, 2026

Issuing Agency

City Of Indio

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DESCRIPTION

The government authority in Indio, California seeks proposals from qualified vendors to provide non-discretionary, comprehensive investment management and advisory services. The selected investment advisor should be independent of any financial institution or securities brokerage firm as it relates to their relationship with the city.

Core responsibilities include delivering full-time investment management services, assisting with cash flow and maturity analysis, providing ongoing credit analysis of investment portfolio instruments, and rebalancing the city's portfolio as necessary. The advisor will also offer technical and fundamental market research, including yield curve analysis, and deliver detailed monthly reports on portfolio activity, performance, holdings, maturity, broker relationships, duration, and benchmark data. Separate, comprehensive quarterly and annual performance reports are required in accordance with the city’s fiscal year.

Questions regarding the RFP must be submitted by April 17, 2026.

Source attribution

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