Specifications include, but are not limited to:Since 2012, OST has engaged a global financial services company to act as an investment advisor. The current advisor was not engaged through the Board, and until recently worked almost exclusively with OST. The Board and OST desire to proceed with a procurement process to obtain and contract with an investment advisor that will report directly to the Board. The advisor will be directed by the Board to handle the matters set out in this RFP and the attached Scope of Services and to work with and assist OST staff in carrying out Board objectives as requested by OST and/or the Board. Specifically, the Board seeks the services of an investment advisor to (a) undertake a structural review of the State's investment architecture, (b) assist with procurement processes for custodial and portfolio management services, (c) review and offer revisions to the Guidelines, (d) provide ongoing advice and guidance to the Board and OST as to fiduciary matters, regulatory developments and market trends, (e) monitor portfolio performance and issue monthly performance reports, (f) develop and document processes for the Board's administration of its duties, (g) attend Board meetings in person or telephonically, as the case may be, and (h) undertake such other matters as are requested by the Board and/or OST and that are consistent with the terms of this engagement.
