Brokerage Account Services

The District of Columbia Retirement Board is seeking a qualified brokerage firm to provide comprehensive brokerage account services. The selected firm will facilitate the sales and trading of publicly traded securities and assist with the settlement of these transactions. This initiative aims to secure reliable trading support and efficient transaction processing for the agency's investment portfolio. The scope of work requires the provider to deliver brokerage services and outline a clear fee and commission structure for all offered trade types over a five-year period. Bidders must submit high-level financial statements to demonstrate their financial stability and organizational strength. The agency also requires the submission of any standard terms, conditions, or additional operational details required by the brokerage firm to establish the account. Eligible bidders must be onshore organizations based entirely in the United States. The agency expects the selected firm to perform all brokerage services and transaction processing offsite. Bidders must submit their proposals digitally, with the agency accepting submissions via email or through their online portal. The agency has not disclosed a set budget and is requesting detailed cost proposals from bidders to evaluate pricing structures. The agency will evaluate proposals based on the completeness of the five-year fee schedules, the financial health of the firm, and the suitability of the proposed terms and conditions. The solicitation does not specify key milestone dates, but the agency expects bidders to submit their proposals in accordance with the standard digital submission guidelines.