Posted Date : May 31,2021
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3339
Government Authority located in Portsmouth, Rhode Island; USA based organization looking for expert vendor for investment advisory services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide investment advisory services to manage the assets for the municipal worker defined benefit pension plan to the government authority located in Portsmouth, RI.
- The services include but are not limited to, providing investment policy recommendations, managing investment process in accordance with policy, providing ongoing analysis and monitoring of asset allocations and performance as compares to the policy targets, reporting results to the Investment Committee with recommendations based on meeting performance objectives, and providing monthly financial reports to management. The selected advisor will be required to attend and present performance overviews with recommendations to town council, management, and union members on a quarterly basis.
- Services
1. Provide a narrative or chart of the specific services that would be provided on a quarterly and annual basis by the advisors and service team for the successful investment portfolio management of the Defined Benefit Pension Plan.
2. Identify the advisors and service team and the general responsibilities of each team member that would be assigned to this project.
3. Explain methodologies employed in overall investment performance evaluation and the approach used to evaluate the performance of each investment.
4. Disclose your review/evaluation process to determine reasonableness of each investment.
5. Disclose your process for periodic review and recommendation of service fee reductions or consolidation.
6. Disclose your investment philosophy regarding the use of exchange traded funds, mutual funds and index funds.
7. Disclose your current investment allocation model(s) to achieve a long-term investment objective of 6.75% annual return while providing for approximately $4+ million in annual withdrawals of assets for pension payments.
8. Describe your firm’s approach to portfolio risk monitoring and management.
9. Describe fee structure and the services included. Detail the all-in-fees for your work as an advisor, estimated third party manager costs, custody services, trading costs and any other potential fees.
10. Provide a comprehensive overview of the contractual arrangement between your firm and the institution that would be providing fiduciary and custodial services.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: June 21,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3339
Government Authority located in Portsmouth, Rhode Island; USA based organization looking for expert vendor for investment advisory services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
Vendor needs to provide investment advisory services to manage the assets for the municipal worker defined benefit pension plan to the government authority located in Portsmouth, RI.
- The services include but are not limited to, providing investment policy recommendations, managing investment process in accordance with policy, providing ongoing analysis and monitoring of asset allocations and performance as compares to the policy targets, reporting results to the Investment Committee with recommendations based on meeting performance objectives, and providing monthly financial reports to management. The selected advisor will be required to attend and present performance overviews with recommendations to town council, management, and union members on a quarterly basis.
- Services
1. Provide a narrative or chart of the specific services that would be provided on a quarterly and annual basis by the advisors and service team for the successful investment portfolio management of the Defined Benefit Pension Plan.
2. Identify the advisors and service team and the general responsibilities of each team member that would be assigned to this project.
3. Explain methodologies employed in overall investment performance evaluation and the approach used to evaluate the performance of each investment.
4. Disclose your review/evaluation process to determine reasonableness of each investment.
5. Disclose your process for periodic review and recommendation of service fee reductions or consolidation.
6. Disclose your investment philosophy regarding the use of exchange traded funds, mutual funds and index funds.
7. Disclose your current investment allocation model(s) to achieve a long-term investment objective of 6.75% annual return while providing for approximately $4+ million in annual withdrawals of assets for pension payments.
8. Describe your firm’s approach to portfolio risk monitoring and management.
9. Describe fee structure and the services included. Detail the all-in-fees for your work as an advisor, estimated third party manager costs, custody services, trading costs and any other potential fees.
10. Provide a comprehensive overview of the contractual arrangement between your firm and the institution that would be providing fiduciary and custodial services.
[C] Eligibility:
- Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: June 21,2021
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$