M-07-27 Investment Advisory Services

Bristol Community College is soliciting proposals from qualified investment advisory firms to provide comprehensive investment management and strategic guidance. The selected firm will be responsible for developing investment advice, managing asset allocation and portfolio construction, and assisting the Board and Finance Committee in maintaining investment policies, risk tolerance levels, and reserve philosophies. Key deliverables include regular performance reporting and the implementation of active and passive strategies, including potential alternative investments and mission-aligned sustainable investing. The firm must be a registered investment advisor under the Investment Advisors Act of 1940 and provide an affirmative statement acknowledging its fiduciary responsibility for all discretionary investments. The contract consists of an initial fifteen-month term starting February 1, 2027, and ending June 30, 2028, with options for four additional one-year renewals based on funding and performance. Proposals are due by 2:00 p.m. EST on November 12, 2026, and must be submitted electronically in PDF format to Philicia Pacheco. Evaluation will be based on the firm's history, client base, sector experience with higher education and non-profits, staffing retention, investment philosophy, and cost proposals. Required submission documents include a W9 form, company contact information, a non-collusion statement, and a tax compliance certification. The winning bidder must also comply with Massachusetts General Laws regarding non-discrimination and labor standards.