Investment Advising Services

Overview

Financial, Legal, HR & Staffing

Malibu, California, United StatesPosted 3 days agoDeadline: May 29th, 2026

Fit Score

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SUMMARY

The City of Malibu is requesting fiduciary investment advisory services for a two-year term. The work includes portfolio guidance, performance reporting, risk and compliance support, and revision of the City's investment policy.

KEY REQUIREMENTS

Must be an independent Investment Advisor registered with the SEC or the State of California
Must not act as a broker/dealer
Must be independent of any financial institution or securities brokerage firm or fully disclose relationships
Must have no record of unsatisfactory performance with the SEC or any federal or state agency
Must be able to perform tasks remotely with virtual coordination
Must provide a cover letter guaranteeing key personnel commitment
Must provide a cost schedule
Must submit an electronic copy of technical qualifications and cost proposal
Must have the proposal signed by a company official with the power to bind the company

BUDGET

Estimate

$50,000 – $150,000

CONTRACT DURATION

24 months

TIMELINE

Solicit for Proposals: May 5th, 2026

Last Day to Submit Questions: May 27th, 2026

Last Day for City to Respond to Questions: May 28th, 2026

Proposal Deadline: May 29th, 2026

Negotiate Agreement: Early June 2026

Award of Contract: June 2026 (to start July 1st, 2026)

QUESTION DEADLINE

May 27th, 2026

Issuing Agency

City Of Malibu

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DESCRIPTION

The City of Malibu, California is seeking a qualified vendor to provide investment advising services for a two-year contract term. The selected advisor will serve in a fiduciary capacity and provide objective, independent guidance related to investment strategy, portfolio management, asset allocation, performance monitoring, risk assessment, and compliance with applicable laws, regulations, and organizational policies.

Services may include reviewing current investment practices, recommending updates to investment policies, and assisting with the development and implementation of investment objectives. The advisor will also be expected to provide monthly performance reports.

In addition, the scope includes conducting a comprehensive annual review of the City's Investment Policy and assisting the City with developing a fully revised policy that is modern, compliant, and aligned with the City's objectives. Questions are due by May 27, 2026.

Source attribution

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