Specifications include, but are not limited to: The exact range and extent of services is subject to negotiation, but include, at a minimum, professional services and dedicated personnel to perform the following: The Investment Firm(s) shall: • Have a minimum of five years of experience in investing and managing fixed assets for state and local governments. • Preferred to be employed by a Wyoming business; the business has an operating history of not less than five years and has been continuously engaged in the business of selling securities in Wyoming for the preceding two years. • Assign an account manager to the County account with a minimum of five years of experience in County investment management. • Demonstrate familiarity with all applicable Wyoming statutes with regard to qualified investments for public entities. • Counsel the County in regard to proposed and pending legislation and make recommendations with regard to the same. • Adhere to the Code of Professional and Ethical Standards as described by FINRA (Financial Industry Regulatory Authority). • The assigned account manager is a registered Investment Advisor as defined and regulated by the Securities and Exchange Commission and be registered with the Securities Division of the Wyoming Secretary of State. • Be either completely independent of any financial institution or securities brokerage firm, or fully and continuously disclose any relationships with such financial institution(s) and/or securities brokerage firm(s), and further disclose any commissions, bonuses, or other payments resulting from the firm’s relationship with the County. • Assets will be managed on a discretionary basis in the event that the County chooses a discretionary management option. • Comply with Wyoming State law and the ordinances and policies of the County. • May assist in developing and implementing investment strategies that will enhance portfolio performance under current and anticipated changes in market conditions within the parameters of established investment policies and cash flow needs by reviewing investment management procedures and documentation and propose improvements and recommend changes to the County’s Policy for approval by the County Treasurer and County Commissioners. • Make presentations to the County, as needed, to support recommendations relating to investment strategy. • Provide timely assessments of the market including market reaction to economic events. • Provide detailed monthly reports, in a format acceptable to the County Treasurer and County Commissioners which include the following information on each security: par value, cost value, book value, market value, investment activity, earnings, and other relevant information requested by the County or typically provided to similarly situated clients. • Attend the County’s Investment Committee meetings, or otherwise meet with the Board, once a year and, additionally, upon reasonable request and present quarterly or otherwise relevant periodic performance reports which shall include current information regarding the credit worthiness of investments in the portfolio, percentage of investments within awarded fund(s) total return comparisons of the County’s portfolio to the established index for the quarter (or other relevant period) and since inception, and market commentary and future outlook as it pertains to the County’s portfolio.
