Investment Management and Advisory Services

The City of Elk Grove, California, is seeking a qualified investment advisory firm to provide discretionary investment management and advisory services. The agency needs to manage its current investment portfolio, which is valued at approximately 430 million dollars. The selected partner will ensure the portfolio structure aligns with agency objectives while maintaining compliance with all applicable policies, laws, and investment strategies. The scope of work requires the provider to conduct credit analysis of investment instruments within the portfolio. The agency expects the firm to evaluate market risk and develop strategies that adhere to the three primary objectives of the investment policy. Additionally, the service provider must deliver monthly, quarterly, and annual reporting on all managed funds. Only onshore organizations based in the United States are eligible to submit proposals for this opportunity. The agency allows the work to be performed either onsite in Elk Grove or offsite. The resulting contract will span a five-year period. The agency is currently looking for proposals and has not disclosed a specific budget. Bidders must submit all questions regarding this opportunity no later than July 10, 2026.