Specifications include, but are not limited to: Rhode Island Turnpike & Bridge Authority (RITBA or Authority) is seeking proposals from “qualified” firms that can provide investment management and advisory services. The information provided must demonstrate to the RITBA that the firm would be “qualified” and competent to provide the services requested. To be considered “qualified”, firms must demonstrate the skills and experience necessary to provide, at a minimum, the services listed in this Request for Proposals. Services shall be undertaken in a manner consistent with the prevailing accepted standards for similar services with respect to projects of comparable function and complexity and with the applicable laws and regulations published and in effect at the time of performance of the services. The Authority is soliciting proposals from qualified Investment Management and Advisory firms to assist the Authority in connection with cash management and investment strategy related to assets held by the Authority that are designated for the ongoing repair, replacement, and maintenance of the Authority’s fixed assets. The firm or firms will be chosen based on the experience of the individuals with whom the Authority will work, and the demonstrated ability of the firm to carry out the Authority’s investment strategy. The Investment Advisor shall: 1. Be a registered Investment Advisor as defined and regulated by the Securities and Exchange Commission and be licensed as a broker-dealer and/or investment adviser by the Rhode Island Department of Business Regulation. 2. Take custody of the funds and investments and execute agreed-upon trades thereof, always subject, however, to the order of the Authority, except where such funds remain with the RITBA bond Trustee. 3. Provide security or other assurance protecting the Authority’s funds and investments regardless of financial, credit, legal, or other circumstances affecting the proposer.
