About this opportunity
AI summaryThe Northeast Ohio Regional Sewer District seeks proposals for investment advisory services to manage its investment portfolio. The selected advisor will deliver non-discretionary advisory services, provide market and economic forecasts, advise on maturities and reinvestment options, resolve trade discrepancies, assist with portfolio benchmarks, conduct broker/dealer due diligence, and provide reporting. Eligible applicants must be USA organizations licensed by the Division of Securities under the Ohio Revised Code or registered with the Securities and Exchange Commission with public funds investment management experience. Proposals are evaluated out of 100 total points, including up to 70 technical points across experience and qualifications, and 30 points for fee structure. The contract will run for one year commencing January 1, 2027, with annual renewal options for up to four additional years. Applicants must submit proposals in PDF format by email to [email protected] and [email protected] no later than 4:30 PM EST on November 20, 2026.
Buyer and opportunity details
- Client
- Northeast Ohio Regional Sewer District
Scope of work
- Provide non-discretionary advisory services for the Sewer District investment portfolio
- Provide information regarding current and forecasted market and economic conditions
- Advise the Sewer District of investment maturities and reinvestment options
- Solicit at least three quotes from authorized brokers and dealers for permitted investment securities
- Execute investment trades only by instruction of the Sewer District
- Settle confirmation discrepancies or informational trade discrepancies prior to settlement with the Custodian
- Provide input regarding measurement of portfolio performance and benchmark to assess performance
- Perform due diligence reviews of broker/dealers and monitor credit worthiness of financial institutions
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Prior Experience: Experience with Ohio Governmental entities | 5 |
| Prior Experience: Experience in fixed income investments | 15 |
| Record of performance versus comparable national indices | 10 |
| Organization size and structure of firm | 5 |
| Qualifications of staff to be assigned | 10 |
| Responsiveness of written proposal to the purpose & scope of services | 5 |
| Direct access to dealer’s trading/institutional desks | 20 |
| Fee Structure | 30 |
Minimum qualifications
- Licensed by the Division of Securities under Section 1707.141 of the Revised Code
- Or registered with the Securities and Exchange Commission with Public Funds Investment Management experience in state and local government portfolios
- Or an eligible institution mentioned in Section 135.03 of the Revised Code
Documents to include with your response
- Executive Summary
- Copies of standard statements and reports provided to the Sewer District
- Performance data for fixed income investments on a risk-adjusted basis
- Three separate client account references with contact details
- Latest audited financial statements
- Copy of Part II of Form ADV
- Proof of required licensing, SEC registration, or eligible institution status
- Staff resumes and assignments
- Fee proposal
- Responses to fiduciary questions
Key dates
- Distribution of Request for Proposals
- November 6, 2026
- Proposals due
- November 20, 2026 prior to the deadline of 4:30 PM EST
- Review, evaluate, and optional presentations/interviews
- Week of November 23, 2026
- Proposer notification of outcome and award
- Week of November 30, 2026
- Conversion activities
- TBD
- Engagement start date
- January 1, 2027
How to submit
- Method
- Instructions
- Submit an electronic copy (.pdf format) via email to Kenneth J. Duplay and Brandon Knittle prior to 4:30 PM EST.
Contract details
- Term
- One year (1) commencing January 1, 2027, with annual options to renew for the next four years