Investment Portfolio Management Services

The Town of Innisfail, Alberta, is seeking investment advisors or financial institutions to provide investment portfolio management services for the municipality's available funds. The agency needs to ensure these investments are managed in accordance with the Town's Investment Policy, applicable legislation, and prudent investment practices. The primary objective is to maintain safety of principal, liquidity, and diversification while achieving an appropriate rate of return. The scope of work requires the development of a recommended investment portfolio, including investment terms and a maturity schedule designed to balance security, liquidity, and return. The selected provider must deliver a clear implementation plan outlining how the initial investment funds will be allocated, invested, and transitioned, including recommended timelines and investment sequencing. The project also demands maximizing investment returns within the constraints of the Town's Investment Policy while focusing strongly on capital preservation and risk management. Eligible bidders must be onshore Canadian organizations. The performance of all investment portfolio management services will take place offsite. The agency is looking for proposals to determine the budget and pricing structure for these services. Bidders must submit all questions regarding this opportunity no later than June 30, 2026.