Financial Advisor Services Tender, USA - 119775128

Procurement Summary

Country : USA

Summary : Financial Advisor Services

Deadline : 13 Jun 2025

Other Information

Notice Type : Tender

TOT Ref.No.: 119775128

Document Ref. No. :

Financier : Self Financed

Purchaser Ownership : Public

Tender Value : Refer Document

Purchaser's Detail

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Tender Details

The intent of this informal solicitation is to solicit proposals from service providers for financial advisor services for clients of the Public Guardian/Conservatorship Program and the estates of the Public Administrator Program. The Public Guardian and Public Administrator maintain a strong fiscal responsibility for their client assets and promotes the need for financial advisor services to assist with the following goals:Professional Management - A financial manager account ensures that funds are handled by professionals who specialize in investment strategies, risk management, and financial planning.Asset Protection - The Public Guardian and Public Administrator are responsible for safeguarding the client-s assets, ensuring they are invested wisely and protected from mismanagement or fraud.Growth & Stability - Investments made through a financial manager account can help grow the client-s wealth while maintaining financial stability, ensuring long-term security.Legal & Fiduciary Compliance - The Public Guardian and Public Administrator has a fiduciary duty to act in the best interest of the client, ensuring that investments align with legal requirements and financial goals.Accountability & Oversight - Courts often require conservators to provide regular financial reports, ensuring transparency and accountability in managing the client-s funds.Historically, the Financial Manager is paid a monthly fee based on an annual percentage rate of 1% of the value of the assets under management.Contractor shall comply with the Uniform Fiduciary Income and Principal Act (UFIPA) spelled out in the California Probate Code.Contractor obligations: •Consider general economic conditions that may impact performance of clients- portfolios.• Identify the role of the investments in context of the overall portfolio of San Mateo County clients accounts.• Understand the need for liquidity and determine the objective of preserving vs appreciating capital.• Maintain a duty to diversify the...

Documents

 Tender Notice