Purchasing Type: Request for Proposals (RFP)
Public Hearing: YES ☐ NO ☒ Department: Purchasing & Contracting
AGENDA ITEM:
Title
Commission District(s): ALL
RFP - Request for Proposals No. 22-500621 Investment Consulting and Procurement Record Keeping Services (Multiyear Contract): for use by the Department of Finance-Risk Management. Consists of providing investment consulting and related services for a public defined contribution plan, such as the County’s existing 457(b) Plan and 401(a) Plan. Recommend award to the highest scoring proposer: Segal Advisors, Inc. dba Segal Marco Advisors. Amount Not To Exceed: $354,000.00.
Body
Information Contact: Michelle Butler, Procurement Manager
Phone Number: (404) 687-3581
PURPOSE:
Consists of providing investment consulting and related services for a public defined contribution plan, such as the County’s existing 457(b) Plan and 401(a) Plan. Six proposals were received.
RECOMMENDATION:
Recommended Action
Recommend award to the highest scoring proposer:
Segal Advisors, Inc. dba Segal Marco Advisors, 333 West 34th Street, New York, NY 10001
Amount Not To Exceed: $354,000.00
and authorize the Chief Executive Officer to execute the contract and all associated documents.
Evaluation Committee Scores:
Firms: Scores:
Segal Advisors, Inc. dba Segal Marco Advisors 92 points
Financial Integrity Resources Management 68 points
Non-Responsive:
Firms
AndCo Consulting
Callan, LLC
Investment Performance Services
Sageview Advisory Group, LLC
ADDITIONAL INFORMATION:
1. LSBE Participation: 20%
2. Contract Effective Date: Date of Award
3. Contract Expiration Date: December 31, 2027
4. Amount Spent On Previous Contract: $326,270.00
5. Funding: General Operating (Finance)