This bid is for investment management, consulting, and custodial services for a retirement fund located at 514 S. McDonough St., Montgomery, Alabama 36104.
Due
November 16, 2026
8 days left
Location
Montgomery, AL
Alabama
Posted on
alabamabuys.gov
Notice ID
SRC0000037379
Please quote investment management, consulting, and custodial services for a retirement fund at 514 S. McDonough St., Montgomery, Alabama 36104.
Portfolio: Approximately $45 million, with 60% in stocks, 36% in bonds, and 4% in money market investments.
Management: Balanced portfolio management; individual fixed income investments must be rated A or better.
Reporting: Monthly statements, valuations, and performance reports.
Meetings: A senior advisor must attend monthly and additional called meetings in person.
Term: January 28, 2027, through September 30, 2028, with two optional one-year renewals.
Please confirm availability and send your quote by November 16, 2026.
The original documents
Deadline: November 16, 2026
See the original on alabamabuys.gov
Bidding it yourself? Get the full package and submit on alabamabuys.gov before November 16, 2026.
What they need
PortfolioApproximately $45 million, currently allocated 60% equities, 36% bonds, and 4% money market.
Investment requirementsBalanced portfolio management; individual fixed income securities must be rated A or better.
Reporting and meetingsMonthly statements, valuations, and performance reports, plus senior advisor attendance in person at monthly and additional called meetings.
Service termJanuary 28, 2027, through September 30, 2028, with two optional one-year renewals.
PricingInclude management and custody fees, all additional charges, and fee breakpoints based on an initial $45 million portfolio. Fees are payable quarterly in arrears based on quarter-end market value.
XL Eagle