RFP AWARD RECOMMENDATION
CITY OF RIVERSIDE
Finance Department
DATE SUBMITTED: 11/15/2022
RFP NO.
2233
RFP TITLE
Investment Management Services
DEPARTMENT/DIVISION
Finance
DATE RFP OPENED
09/06/2022
PROPOSALS RECEIVED (3) INVITATIONS ISSUED (Online)
PROPOSERS CITY EVALUATION RANKING
Chandler Asset Management, Inc San Diego, CA 1
PFM Asset Management LLC Harrisburg, PA 2
Public Trust Advisors, LLC Denver, CO 3
RFP DESCRIPTION: The City of Riverside (“City”) is seeking a qualified entity or individual (“Company”) to provide investment management services for the City’s investment portfolio The City anticipates selecting one firm to perform the services.
RFP Recommended For Award (Includes Sales Tax) 10% Surety Included Contract 10% Surety not required Purchase Order
Highest Ranking Proposer Amount of Award
Chandler Asset Management, Inc $1,750,000
COMMENTS:
The Finance Department has evaluated all proposals received and is requesting that award be made to the best overall solution based on the evaluation process. The Purchasing Division concurs that the action to award is in compliance with Purchasing Resolution 23812.
Submitted by: Purchasing Manager Date: 10/19/2022