When is the submission deadline?

Submissions are due August 18, 2026. Questions must be submitted by July 10, 2026.

It was issued by City Of Elk Grove. The work is located in Elk Grove, California, United States.

Who is a good fit for this opportunity?

Registered investment advisory firm with experience managing large public sector portfolios. Demonstrated expertise in credit analysis, compliance, and market risk management. Experience providing detailed investment reporting for government clients. Strong track record in municipal investment policy adherence.

Investment Management and Advisory Services (Due August 18, 2026)

Overview

Financial, Legal, HR & Staffing

Elk Grove, California, United StatesPosted: June 24th, 2026Deadline: August 18th, 2026

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SUMMARY

Seeking an investment advisory firm to manage a $430M municipal portfolio in Elk Grove, California, including analysis, compliance, and reporting over a five-year contract.

KEY REQUIREMENTS

Must be a registered investment advisor under the Investment Advisor's Act of 1940
Must be registered and in good standing with the California Secretary of State
Must provide proof of insurance including General Liability, Auto Liability, Workers' Compensation, Professional Liability, and Crime Insurance/Fidelity Bond
Must have experience managing fixed income portfolios for public funds and governmental entities
Must have at least five years of experience in the industry
Must provide references from at least five current clients similar in size and scope to the City
Must be able to provide full demonstrations if requested
Must maintain complete and accurate records for at least three years after receipt of final payment

CONTRACT DURATION

60 months

TIMELINE

Request for Proposals Issued: June 22nd, 2026

Questions Due: July 10th, 2026

Responses to Questions Distributed: July 24th, 2026

Proposal Date: August 18th, 2026

Interview Selection: September 9th, 2026

Selection / Contract: October 14th, 2026

Commencement Date: November 19th, 2026

QUESTION DEADLINE

July 10th, 2026

CONTACTS

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

Additional decision-makers and their departments

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Issuing Agency

City Of Elk Grove

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DESCRIPTION

The government authority located in Elk Grove, California is seeking a qualified firm to provide investment management and advisory services for its managed investment portfolio, which is currently valued at approximately $430 million. The selected firm will offer discretionary investment advisory services to manage and optimize the portfolio in alignment with the investment policy’s objectives and applicable laws.

Key responsibilities include conducting credit analysis on portfolio investment instruments, ensuring ongoing compliance with portfolio policies and strategies, and evaluating market risks while developing strategies that align with established objectives. The firm is also expected to provide comprehensive reporting on all managed funds on a monthly, quarterly, and annual basis and to ensure that portfolio structure consistently matches stated objectives.

The contract term will be five years. All questions regarding this RFP must be submitted by July 10, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due August 18, 2026. Questions must be submitted by July 10, 2026.
Who issued this RFP?: It was issued by City Of Elk Grove. The work is located in Elk Grove, California, United States.
Who is a good fit for this opportunity?: Registered investment advisory firm with experience managing large public sector portfolios
Demonstrated expertise in credit analysis, compliance, and market risk management
Experience providing detailed investment reporting for government clients
Strong track record in municipal investment policy adherence

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