When is the submission deadline?

Submissions are due July 20, 2026. Questions must be submitted by June 23, 2026.

It was issued by Daytona State College. The work is located in Daytona Beach, Florida, United States.

Who is a good fit for this opportunity?

Established investment advisory firms with experience managing public sector portfolios. Expertise in fiduciary practices and modern portfolio theory. Proven track record in policy statement construction and compliance. Ability to assess risk tolerance and cash flow needs for institutional portfolios. Presence or authorization to operate in Florida.

Investment Advisory Services (Due July 20, 2026)

Overview

Financial, Legal, HR & Staffing

Daytona Beach, Florida, United StatesPosted: June 3rd, 2026Deadline: July 20th, 2026

Fit Score

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SUMMARY

A Florida government authority seeks investment advisory services for portfolio oversight, compliance, and asset management.

KEY REQUIREMENTS

Must not take custody of client assets
Must recommend an independent custody bank
Must provide OCIO services to at least five institutions similar to the DSC Foundation
Must have at least $1 billion in assets under management
Must manage assets in compliance with state of Florida investment statutes
Must not profit from or double-dip in fees from recommended products
Must be a registered investment advisor under the Investment Advisors Act of 1940
Must have errors and omissions insurance coverage
Must have at least three years of experience for investment professionals making decisions

CONTRACT DURATION

60 months

TIMELINE

Publish Date: June 2nd, 2026

Questions Due: June 23rd, 2026

Submissions Due: July 20th, 2026

Submission Opening: July 20th, 2026

Evaluation Committee Meeting: August 19th, 2026

Short Listed Presentations: Week of August 31st, 2026

Posting of Notice of Intent to Award: September 8th, 2026

Present to Foundation Board of Directors: September 16th, 2026

Present to Board of Trustees: September 24th, 2026

Tentative Contract Start Date: October 1st, 2026

QUESTION DEADLINE

June 23rd, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

Additional decision-makers and their departments

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Issuing Agency

Daytona State College

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in Florida is seeking a vendor to provide comprehensive investment advisory services. The selected firm will oversee the authority's portfolio, ensuring compliance with fiduciary responsibilities, best practices, and the organization's investment policy.

Key responsibilities include conducting risk tolerance assessments, analyzing portfolio cash flow needs, determining investment objectives, and reviewing or constructing investment policy statements. The advisor will employ modern portfolio theory-based asset allocation and manage the initial selection of investment managers, including setting probation and replacement triggers.

Ongoing services will include asset allocation rebalancing, comparative performance-based ranking and assessment, and consistent compliance testing against the established investment policy statement.

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Frequently asked questions

When is the submission deadline?: Submissions are due July 20, 2026. Questions must be submitted by June 23, 2026.
Who issued this RFP?: It was issued by Daytona State College. The work is located in Daytona Beach, Florida, United States.
Who is a good fit for this opportunity?: Established investment advisory firms with experience managing public sector portfolios
Expertise in fiduciary practices and modern portfolio theory
Proven track record in policy statement construction and compliance
Ability to assess risk tolerance and cash flow needs for institutional portfolios
Presence or authorization to operate in Florida

Analysis generated by Settle AI from the source RFP.

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