Investment Management Services

The City of Prescott is soliciting proposals for investment management services to oversee its investment portfolio, with an initial three-year term starting around October 13, 2026, and options for additional three-year extensions. The selected firm will be responsible for the day-to-day management of the portfolio, including executing authorized transactions, providing economic and market research, monitoring creditworthiness, and performing portfolio stress testing. All services must strictly adhere to Arizona State Law and the City's Investment Policy, which prioritizes the safety, liquidity, and yield of funds while minimizing risk. Key deliverables include monthly, quarterly, and annual investment reports and the provision of secure online portfolio access for authorized personnel. Proposals are due by September 10, 2026, via the OpenGov Procurement portal. The award is based on a points-weighted evaluation focusing on the fee proposal (30%), investment philosophy (20%), firm qualifications (15%), personnel experience (15%), reporting and technology (10%), and past performance (10%). Compensation is structured as an annual asset management fee expressed as a percentage of assets under management. The contract is governed by a Professional Services Agreement that includes standard clauses for termination upon ten days' notice, independent contractor status, and compliance with various federal civil rights and labor laws. Preference may be given to firms with significant experience serving Arizona municipalities.