Specifications include, but are not limited to: The City of Santa Maria is seeking proposals from investment advisory firms for portfolio management services for up to $450 million in operating and capital funds (non-pension funds). Currently, the portfolio is managed by the current Investment Advisor, with a high concentration in the California Local Agency Investment Fund (LAIF), medium-term corporate notes, and agency issues. Specific services, although not all-inclusive, to be performed are as follows: 1. Manage the City’s portfolio with discretionary authority, within specified parameters and limits. 2. Assist the City with cash flow/maturity analysis. 3. Provide credit analysis of investment instruments in portfolio. 4. Provide monthly/quarterly/annual reporting of City funds managed by the Advisor. 5. Attend quarterly meetings (in person or via teleconference) with City staff and the City’s Investment Oversight Committee. 6. Evaluate market risk and develop strategies that minimize the impact on the portfolio. 7. Provide assurance of portfolio compliance with applicable policies and laws. 8. Establish an appropriate performance benchmark. 9. Ensure that the portfolio structure matches the City’s objectives. 10. Review the City’s Investment Policy and make recommendations for changes and improvements as appropriate.