When is the submission deadline?

Submissions are due August 12, 2026. Questions must be submitted by July 29, 2026.

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

Who is a good fit for this opportunity?

Registered investment management firm with public sector treasury experience. Demonstrated expertise in municipal operating fund investment strategies. Strong knowledge of California public investment statutes and bond covenant compliance. Ability to provide discretionary portfolio management and trade execution. Established relationships with financial institutions and broker/dealers for competitive quote solicitation. Proven reporting capabilities for accounting, audit, and performance benchmarking needs. Experience advising city or local government finance departments.

Investment Management Services (Due August 12, 2026)

Overview

Financial, Legal, HR & Staffing

Vallejo, California, United StatesPosted: July 17th, 2026Deadline: August 12th, 2026

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SUMMARY

The City of Vallejo is seeking a firm to provide discretionary investment management services for operating funds, including advisory support, trade execution, reporting, and policy review. Questions are due by July 29, 2026.

KEY REQUIREMENTS

Must be a registered Investment Advisor with the Securities and Exchange Commission under the Investment Company Act of 1940 or be exempt from registration
Must be completely independent of any financial institution or securities brokerage firm or fully disclose any such relationship
Must act in a fiduciary capacity to the City
Must have provided at least five years of investment management services comparable to the scope of this RFP to at least one entity with at least $200 million in assets managed to a 1–3 year or 1–5 year fixed-income benchmark
Must have at least ten years of investment management services experience managing public funds for California entities
Must manage funds for a minimum of ten public agencies in the state of California
Must have an existing office in the state of California as of the release date of this RFP
Must hold professional/errors and omissions insurance coverage
Must obtain a City of Vallejo business license

CONTRACT DURATION

36 months

TIMELINE

July 16th, 2026: RFP released

July 29th, 2026: Deadline for submission of questions

August 5th, 2026: Responses to questions distributed/published

August 12th, 2026: Proposals due

Week of August 31st, 2026: Presentations/interviews by finalist firms

September 14th, 2026: Selection of provider

October 27th, 2026: City Council approval/award of contract

QUESTION DEADLINE

July 29th, 2026

CONTACTS

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

Additional decision-makers and their departments

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Issuing Agency

City Of Vallejo

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DESCRIPTION

The government authority in Vallejo, California is seeking a qualified vendor to provide investment management services for its operating funds. The selected firm will advise the City on matters related to investment management, assist with cash flow and maturity analysis, and support investment strategy in alignment with the City's policies and applicable legal requirements.

The scope includes providing discretionary investment management services, executing investment trades on behalf of the City in accordance with the Investment Policy, applicable statutes, and bond covenants where relevant. The firm will also solicit competitive quotes from financial institutions and broker/dealers for permitted investment securities and maintain written documentation of those quotes for City review upon request.

Additional responsibilities include recommending appropriate portfolio performance measurements and benchmarks, providing monthly reports on investment activity, earnings, and portfolio market value, and delivering quarterly reports detailing rate of return and information sufficient for accounting, management reporting, and financial statement auditing purposes. The selected vendor will also annually review the City's Investment Policy, recommend updates as needed, and communicate regularly with City staff regarding investment decisions and strategy.

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Frequently asked questions

When is the submission deadline?: Submissions are due August 12, 2026. Questions must be submitted by July 29, 2026.
Who issued this RFP?: It was issued by City Of Vallejo. The work is located in Vallejo, California, United States.
Who is a good fit for this opportunity?: Registered investment management firm with public sector treasury experience
Demonstrated expertise in municipal operating fund investment strategies
Strong knowledge of California public investment statutes and bond covenant compliance
Ability to provide discretionary portfolio management and trade execution
Established relationships with financial institutions and broker/dealers for competitive quote solicitation
Proven reporting capabilities for accounting, audit, and performance benchmarking needs
Experience advising city or local government finance departments

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