Independent Investment Advisor
ID: RI Public Transit Authority 26-19
• State: Rhode Island
Opportunity Assistant
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Description
Background
The Rhode Island Public Transit Authority (RIPTA) is seeking proposals for a firm to serve as an Independent Investment Advisor for the management of RIPTA's pension funds. The purpose of this contract is to provide advisory services regarding the management of pension assets by a third-party investment firm, rather than managing the assets directly or administering the pension plans.
Work Details
The selected Independent Investment Advisor will be responsible for providing expert advice on investment strategies and asset allocation for RIPTA's pension funds. This includes evaluating investment performance, recommending adjustments to investment strategies, and ensuring compliance with applicable regulations.
The advisor will also assist in developing policies related to pension fund investments and provide ongoing monitoring and reporting on investment performance.
Period of Performance
The contract is expected to commence upon award and will continue until June 10, 2026.
Place of Performance
Services will be performed at the Rhode Island Public Transit Authority offices located at 705 Elmwood Avenue, Providence, RI 02907.
Bidder Requirements
Bidders must not be on the U.S. Comptroller General's List of Ineligible Contractors. Additionally, bidders are encouraged to engage Disadvantaged Business Enterprises (DBEs) certified by the State of Rhode Island at the time of proposal submission.
The Rhode Island Public Transit Authority (RIPTA) is seeking proposals for a firm to serve as an Independent Investment Advisor for the management of RIPTA's pension funds. The purpose of this contract is to provide advisory services regarding the management of pension assets by a third-party investment firm, rather than managing the assets directly or administering the pension plans.
Work Details
The selected Independent Investment Advisor will be responsible for providing expert advice on investment strategies and asset allocation for RIPTA's pension funds. This includes evaluating investment performance, recommending adjustments to investment strategies, and ensuring compliance with applicable regulations.
The advisor will also assist in developing policies related to pension fund investments and provide ongoing monitoring and reporting on investment performance.
Period of Performance
The contract is expected to commence upon award and will continue until June 10, 2026.
Place of Performance
Services will be performed at the Rhode Island Public Transit Authority offices located at 705 Elmwood Avenue, Providence, RI 02907.
Bidder Requirements
Bidders must not be on the U.S. Comptroller General's List of Ineligible Contractors. Additionally, bidders are encouraged to engage Disadvantaged Business Enterprises (DBEs) certified by the State of Rhode Island at the time of proposal submission.
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Overview
Opportunity ID
RI Public Transit Authority 26-19
Response Deadline
June 10, 2026
Due in 7 Days
Date Posted
May 6, 2026
Source
Source Notes
Source does not have a linkable page for this opportunity. To find the opportunity, go to the Source website listed above and search for the Opportunity ID.
Q&A Deadline
When in doubt, contact RIPTA Contracts Manager at sgomes@ripta.com. Please do not wait until the last minute with questions; RIPTA has limited staff and may not be available at all times.
Set Aside Preferences
Minority Owned
Est. Value Range
Experimental
$50,000 - $250,000
(AI estimate)
Agency Distribution
High
On 5/6/26 RI Public Transit Authority in Rhode Island issued Independent Investment Advisor with ID RI Public Transit Authority 26-19 due 6/10/26.
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Additional Details
Posting Group
Quasi-Public