Investment Advisor Service

The Maryland-based government authority in Baltimore is seeking an investment advisor to assist in the administration of its college prepaid trust. The agency needs to evaluate its financial status and requires recommendations for appropriate investment strategies based on its financial condition and liquidity needs. The selected advisor will recommend asset allocations, investment structures, strategies, and appropriate investment managers to execute the investment policy. The scope of work includes recommending individual investment objectives, policies, and guidelines for each investment manager. The agency requires ongoing monitoring of each investment option for qualitative issues that may impact the appropriateness of each alternative. The advisor must prepare quarterly reports for the treasurer compiling this information and providing watch list recommendations, as well as review the investment program manager's objectives at least annually to ensure adherence to performance and expenses. The agency is offering a contract period of five years. Eligible bidders must be onshore organizations based in the United States. The agency expects the performance of the work to take place offsite. The agency is currently looking for proposals and has not disclosed a specific budget.