Request for Proposals for Investment Services

The City of Leduc has issued Request for Proposals 2026-RFP-CM-062 for professional investment services to actively manage its long-term investment portfolio, which is currently valued at approximately $58 million. The primary objective is to preserve capital, mitigate risk, and maximize investment returns in strict accordance with the Municipal Government Act and the City of Leduc Investment Policy. The selected firm will be responsible for providing sound investment advice, monthly reporting, and investment activity updates. A critical requirement for this engagement is that all personnel directly managing the portfolio must hold a current and valid Chartered Financial Analyst (CFA) designation, and the firm must accept co-fiduciary responsibility. The contract is structured for an initial five-year term, with the possibility of one three-year extension upon mutual agreement. Proposals will be evaluated using a weighted scoring system, with the highest emphasis placed on proponent qualifications (40 points), followed by the suitability of the proposed solution (20 points), the fee proposal (15 points), measuring and reporting mechanisms (15 points), and overall proposal completeness (10 points). Proponents must submit a detailed fee breakdown covering the full five-year term, including all advisory, management, transaction, and custodial costs. Successful consultants must also maintain specific insurance coverages, including $2,000,000 in general liability and $1,000,000 in professional errors and omissions liability. All submissions must be made electronically via the bids&tenders system by the deadline of October 14, 2026, at 2:00 p.m. Alberta Time.