Investment Management and Consulting

The State of Missouri, through the Office of Administration’s Division of Purchasing on behalf of the State Treasurer’s Office, is soliciting proposals for investment management and consulting services under solicitation number STATE 0000000480SL, with a NAICS code of 523940. Proposals must be submitted electronically via MissouriBUYS by the deadline of August 5, 2026, at 7:00 PM Central Time, and hardcopy submissions are explicitly prohibited. The resulting contract will be a Blanket Purchase Agreement with an initial term of two years, subject to two optional one-year renewals at the sole discretion of the Division of Purchasing, with renewal pricing capped at the rates established in the original contract’s Exhibit C. The primary purpose of the contract is to provide non-discretionary investment advisory services focused on the safety of principal, liquidity, and yield, with cash management and liquidity coordination as the central element. Services include investment recommendations, portfolio strategy support, trade execution, risk management, compliance oversight, reporting, and operational continuity, all performed under the direction of the State Treasurer or their designee in Jefferson City, Missouri. Vendors must comply with a comprehensive set of statutory, regulatory, and operational requirements, including adherence to the Missouri Sunshine Law and Open Records Act, which mandate public disclosure of all submitted materials and contract documents. Contractors must affirm they will not knowingly employ unauthorized aliens and are required to enroll in E-Verify and provide their Company ID number. Financial records must be maintained for five years following final payment or audit completion, using GAAP or IFRS standards, and must be preserved indefinitely if under litigation or audit. The contractor must maintain adequate liability insurance naming the State of Missouri as an additional insured and provide proof prior to performance. Key personnel requirements include a government relationship manager with at least three years of public-sector experience and a primary investment manager with ten years of relevant experience. Substitutions for key personnel require prior written approval and must offer equivalent or superior qualifications. Proposals are evaluated using a weighted scoring system totaling 270 points, prioritizing technical approach (150 points), experience and past performance (70 points), cost (40 points), and MBE/WBE participation (10 points), with an additional 15-point preference for Organization for the Blind and Sheltered Workshops and a 3-point preference for Service-Disabled Veteran Business Enterprises. Mandatory business compliance exhibits include Missouri tax compliance, business registration, work authorization