Banking and Investment Services
Overview
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SUMMARY
KEY REQUIREMENTS
BUDGET
VerifiedCONTRACT DURATION
TIMELINE
Advertising Date: August 6th, 2026
RFP Receipt Date: August 27th, 2026, 4:00pm
Issuing Agency
County Of Ocean
DESCRIPTION
The government authority in Toms River, New Jersey, is seeking banking and investment services. The selected provider will direct the investment and, when appropriate, the sale and reinvestment of assets under management.
Responsibilities include placing orders for the purchase, sale, and exchange of portfolio securities; instructing the custodian regarding the delivery or receipt of cash and securities; providing independent confirmation of securities transactions; and monitoring the creditworthiness of investments under management.
The provider will also furnish monthly statements of investment activity, reconcile those statements with custodian bank records, and provide monthly reports on interest earnings, investment performance, and the market value of investments. All investments must comply with fair market value or safe harbor requirements under applicable arbitrage rebate regulations. The provider will coordinate with the custodian bank and the county to support investment activity, securities delivery, and the availability of funds for drawdown requirements.
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Frequently asked questions
- When is the submission deadline?
- Submissions are due August 27, 2026.
- What is the budget for this RFP?
- The published budget is $3,350,000.
- Who issued this RFP?
- It was issued by County Of Ocean. The work is located in Toms River, New Jersey, United States.
- Who is a good fit for this opportunity?
- Banking or investment management firm with public-sector experience
- Expertise in portfolio management, securities transactions, and investment compliance
- Experience coordinating with custodial banks and government entities
- Capability to provide recurring investment statements, reconciliations, and performance reports
- Familiarity with arbitrage rebate regulations and related investment requirements
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.