RFP2M24-20 REQUEST FOR PROPOSALS For INVESTMENT MANAGEMENT AND ADVISORY SERVICES

RFP2M24-20RFP for Investment Management and Advisory ServicesSummaryThe City of Alhambra is requesting proposals from firms to provide investment management and advisory services for approximately $139 million in investment portfolio. The initial term will be three years, with two one-year options thereafter, which may be exercised at the City's sole discretion.General RequirementsThe following is a timeline for solicitation, evaluation, and award of this RFP. These dates are subject to change to meet the needs of the City schedule and if it is found that alterations are required, Proposers will be notified in writing.ACTIONDATESRFP ISSUEDAugust 27, 2024RFP PUBLISHEDAugust 29, 2024WRITTEN QUESTIONSSeptember 19, 2024, by 5:00 p.m.RESPONSES TO QUESTIONSSeptember 26, 2024, by 5:00 p.m.PROPOSALS DUEOctober 10, 2024, by 11:00 a.m.POSSIBLE INTERVIEWSWeek of October 16, 2024REPORT TO CITY COUNCILOctober 28, 2024All questions and inquiries regarding this request for proposal should to be directed in writing no later than 5:00 p.m., on September 19, 2024, to: Hsiulee Tran, Assistant Finance Director, and may be sent via email to document.write('htran'+'@'+'cityofalhambra.org')For security reasons, you must enable JavaScript to view this E-mail address.. Answers will be sent to all potential respondents.Submission of ProposalYour submittal package shall include the following:One (1) original and three (3) printed hard copies of your proposalOne (1) electronic copy of your proposal in PDF format on CD, flash drive or other electronic mediaThree (3) copies of your Cost Proposal in a separate, sealed envelope or packageAll proposals must be filed with the Office of the City Clerk, in the City Hall, 111 S. 1st Street, Alhambra, California 91801 on or before 11:00 a.m., October 10, 2024. It is the sole responsibility of the proposer to see that their proposal is submitted in proper time. Any proposal received after the scheduled closing time for receipt of proposals will be returned to the proposer unopened. Faxed, emailed, or proposals submitted in a format other than specified will be rejected.Copies of the bid proposal and related information must be submitted in a sealed envelope or box clearly marked as stated below:City of Alhambra Investment Management and Advisory Services RFP Attn: City Clerk's Office111 S. 1st StreetAlhambra, CA 91801