Solicitation: RISK2600002 Professional Investment Advisor/Manager Services

Alabama’s Department of Finance is seeking a qualified firm to provide professional investment advisory and manager services for its statewide risk‑management trust funds. The contractor will advise on investment strategy, ensure compliance with the State’s Investment Policy Statement, oversee external advisors, and deliver detailed quarterly reporting. The solicitation includes extensive compliance requirements such as E‑Verify enrollment, prohibition on economic boycotts, and certifications of non‑debarment. • Scope: Advisory and manager services for four self‑insurance trust funds (≈ $679 M in assets). • Requirements: E‑Verify, Alabama tax registration, no‑boycott clause, disclosure statement, electronic payment acceptance. • Timeline: Bid window opens 08/12/26, closes 08/20/26; award date not listed. • Evaluation: Standard cost‑realism and price‑reasonableness analysis; no detailed criteria disclosed in the summary. • Contract: Likely multi‑year (up to 5 years) with renewal options, governed by Alabama law, venue Montgomery.