About this opportunity
AI summaryThe City of Pinole requests proposals from qualified investment advisory firms to provide Section 115 trust administration and investment management services for its existing Pension and Other Post-Employment Benefits trust. The selected firm will handle ongoing management, administration, investment services, reporting, compliance monitoring, and advisory support to preserve and grow trust assets. Only onshore USA organizations with demonstrated experience serving California public agencies may apply. Proposers must submit proposals electronically by December 2, 2026, at 5:00 PM, and questions are due by November 12, 2026. The City will evaluate submissions based on qualifications, key personnel, proposed scope, fee schedules, and reference checks, with potential follow-up interviews.
Buyer and opportunity details
- Client
- City of Pinole
Scope of work
- Administer the City's existing pension and OPEB trust under applicable trust documents and legal requirements
- Process and coordinate contributions, withdrawals, distributions, and other authorized trust transactions
- Coordinate with custodians, investment managers, and other service providers
- Manage trust assets and implement investment strategies consistent with City objectives and policies
- Monitor investment performance, portfolio allocations, market conditions, and investment risks
- Provide periodic reports detailing trust balances, transactions, holdings, allocations, performance, and fees
- Advise on trust investment strategies, asset allocations, liquidity management, and portfolio risk
- Coordinate transition of trust assets, account information, and records from the existing service provider
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Qualifications | Not specified |
| Key personnel | Not specified |
| Scope | Not specified |
| Fee | Not specified |
| Reference checks | Not specified |
Minimum qualifications
- Experience providing Section 115 trust administration and investment management services to California cities or comparable public agencies
- Knowledge of federal and California laws governing Section 115 trusts, tax-exempt trust requirements, and public agency obligations
- Appropriate professional qualifications, registrations, and legal authority to provide proposed services
- Qualified personnel and operational capacity to provide trust administration, investment management, reporting, and support
- Experience developing and implementing investment strategies consistent with trust objectives, policies, liquidity, and risk tolerance
- Experience with investment policy compliance, portfolio monitoring, performance reporting, fee transparency, and risk management
- The firm awarded the contract must have a City of Pinole business license
Documents to include with your response
- Cover Letter signed by an authorized person
- Qualifications statement
- Key Personnel details and subconsultant information
- Proposed Scope of Services with tasks, deliverables, and timeline
- Fee Proposal schedule
- Minimum of three client references and a list of California municipal agency clients
- Description of conflicts of interest and past five-year public agency contract terminations
- Standard Agreement review statement and reservations/alternate approaches if any
Key dates
- Question Submission Deadline
- November 12, 2026
- Question Response Deadline
- November 17, 2026
- Proposal Submission Deadline
- December 2, 2026 at 5:00 PM
How to submit
- Method
- Electronic via OpenGov Procurement
- Instructions
- Create a free account at https://procurement.opengov.com/signup, click on 'Draft Response', and follow instructions to submit.
Contract details
- Insurance and bonding
- Proposers must indicate willingness to execute the agreement with the City's Standard Consulting Services Agreement insurance requirements.