The search for banking and investment management services for its reserve portfolio is due to impending contract expirations.
The museum is seeking an investment advisor to handle its endowment, which includes a principal account and income account.
The selected firm will manage a $60 million core long-term investment portfolio.
Public Trust Advisors currently provides investment advisory services for the city.
The city issued a similar RFP for investment advisory services in 2019.
The investment advisor will be response for more than $13 billion in assets.
The foundation is conducting the search for standard due diligence purposes and its incumbent advisor is allowed to rebid.
The $604 million portfolio is currently managed internally by the city.
The city expects to award a contract next month.
The city currently works with Meeder Investment Management.