Investment Management Services

Background
The Commonwealth of Virginia, through the Virginia Community College System (VCCS), is seeking proposals for Investment Management Services to assist its 23 community colleges and the System Office. The goal is to establish one or more contracts for investment advisory and consultant services, with an immediate need identified at Germanna Community College (GCC) and Northern Virginia Community College (NVCC). The selected contractor(s) will provide professional oversight in managing the organization’s investment portfolio, ensuring compliance with the College Investment Policy Statement (IPS).

Work Details
The Successful Offeror shall provide comprehensive investment advisory services, including but not limited to:
1. Serving as a fiduciary responsible for the stewardship of the College’s assets.
2. Selecting suitable investments that comply with applicable laws and regulations of Virginia.
3. Providing asset custodial services or partnering with a firm that offers such services.
4. Offering best-in-class investment advisory services supported by performance metrics and client satisfaction ratings.
5. Conducting quarterly reviews of the investment portfolio to ensure compliance with internal guidelines and state law.
6. Providing quarterly investment performance reports and ensuring access to monthly reports for monitoring daily account activity.
7. Conducting searches for external money managers as needed and developing customized investment solutions aligned with the College’s objectives.

Period of Performance
The contract term is two (2) years, with options for renewal as negotiated.

Place of Performance
Services will be performed statewide across all community colleges within Virginia, specifically starting at Germanna Community College and Northern Virginia Community College.

Bidder Requirements
Offerors must demonstrate public sector experience in managing investments for higher education or similar public-sector clients. They must also provide a DSBSD certification if applicable, maintain a drug-free workplace, comply with anti-discrimination laws, and have appropriate insurance coverage including workers' compensation and employer's liability.