Investment Advisory Services for City Investment Portfolio

The City of South Padre Island, Texas is seeking proposals for non-discretionary portfolio management services for its approximately $90,000,000 investment portfolio. The selected vendor will assist in developing and implementing investment strategies, providing fixed-income market assessments, modeling cash flows, executing securities purchases and sales, assisting with annual policy reviews, and providing investment reporting under the direction of authorized City investment officers. Work will be performed offsite. Eligible applicants are onshore USA organizations registered as investment advisors with the Securities and Exchange Commission and the Texas State Securities Board. Questions must be submitted by November 20, 2026, and digital proposal responses may be submitted online or via email. Proposals are evaluated based on best value to the City, including proposal price, past performance and prior dealings with the City, and vendor qualifications, resources, and availability. The initial contract term runs from January 1, 2027, through December 31, 2027, with options to renew for up to three additional one-year periods.