DOCUMENT

IFB - Retirement System Investment Consulting Services 2010

  • YEAR CREATED: 2010
  • ENTITY TYPE: City/Township
  • TYPE OF DOCUMENT: BID - ITB, IFB, ITT, RFB
The document is a request for proposal (RFP) from the Town of Greenwich for investment consulting services. The document includes various sections outlining the requirements and criteria for selecting an investment consultant. The document begins by requesting information about the internal structure and organization of the respondent's research department, or how the research function is performed if there is no separate department. It also asks about the use of external resources and sources of information in the research process, and how the firm integrates internal and external research. The process for bringing new investment ideas to clients and determining their appropriateness is also requested, as well as the process for monitoring and reporting on market trades. The next section asks for a description of the type and frequency of research provided to the Town of Greenwich, and how it would be provided (e.g., through what media). It also inquires about the educational capabilities that can be provided to the Town, including whether one-on-one, classroom, or seminar environments are available, and whether internal staff or external resources are used. The document also asks if an orientation package on the investment structure of various plan and fund assets can be created for new Trustee members. The fees section requests the respondent's views on different fee structures, such as performance-based fees, asset-backed fees, flat fees with or without performance bonuses, or any other fee structure recommended. The Town specifically asks for a flat fee proposal for a three-year contractual period, with any additional charges specified. The proposal should also include all professional fees and other expenses required to perform the services, as well as an estimate of the number of person hours needed for the review engagement. The document then asks for a description of how the respondent advises clients on minimizing transition and ongoing trading costs, including foreign exchanges. It also inquires about the respondent's views and experience with commission recapture programs. Several sample reports are requested, including an asset allocation plan, investment policy and procedures statement, performance attribution analysis, a case study demonstrating the firm's ability to help clients meet financial objectives, quarterly manager oversight reports, manager search analysis, trading cost analysis, and ADV Part I and II. The document concludes with a section requesting the completion of various Town of Greenwich forms, such as a statement of qualifications, minimum criteria certification form, non-collusion language form, exceptions sheet, and insurance procedure form. The evaluation section outlines the criteria and maximum points for evaluating the proposals, including stability and general experience of the firm, depth and experience of personnel, client base, investment policy analysis and asset allocation, performance reporting, portfolio analytics capabilities, investment manager/fund searches, research, and fees. The document also mentions that exceptions raised by the respondents will be factored into the evaluation, and the financial strength of the finalists may be considered. The Evaluation Committee, comprised of five members, is responsible for reviewing and scoring the proposals, conducting interviews if necessary, and selecting the consultant. The document includes additional exhibits, such as a Town personal service contract format, Town insurance requirement sheet, and Town endorsement letter format.
MEMBERS ONLY DOWNLOAD
Advertisement

Similar Documents

Document
RFP -Compensation Study, 2023
Year Created: 2023
Document
ART - GovPro: Adding Value and Driving Performance with Spend Analysis 2010
Year Created: 2010
Document
BID - Flexible Spending Account Administration 2005
Year Created: 2005