Investment Advisory Services

2026-11-03

The Reno-Tahoe Airport Authority (RTAA) has issued this Request for Proposals (RFP) with the sole purpose and intent of obtaining sealed proposals (Proposal) from qualified investment advisory firms (Respondents) to provide discretionary or non-discretionary investment advisory and portfolio management services for RTAA's operating funds, reserves, and other investable assets, in accordance with RTAA's Investment Policy, Nevada State law, and all applicable federal regulations.  The selected firm will act as a fiduciary and extend its services solely in the best interest of the RTAA.The RTAA seeks investment advisory services for two (2) major portfolio groupings: the Operating Portfolio and the Bond Portfolio (together, the "Portfolios"), each with distinct purposes, liquidity requirements, and benchmarks, but all governed by RTAA Investment Policy and Master Bond Indenture.  As of October 31, 2025, the Operating Portfolio had a total market value of approximately $143.3 million, with a book yield of 4.19%, effective duration of 1.37 years, and an average credit rating of AA+.  As of the same date, the Bond Portfolio had a total market value of approximately $195.9 million, a book yield of 3.77%, and an effective duration of 0.69 years.If awarded, a Professional Services Agreement (Agreement) will be effective on the date the Agreement is approved by the RTAA Board of Trustees, signed by all required parties, and filed with the Director of Contracts & Procurement.  The Agreement will be for an initial term of five (5) years, from July 1, 2026 through June 30, 2031, with an option for two (2) two-year extensions at the sole discretion of the RTAA that could extend the Agreement through June 30, 2035.As is more fully explained inSection 12, Evaluation & Award Process, an award, if made, will be made to the best overall Respondent whose Proposal is most advantageous to the RTAA, taking into consideration the evaluation criteria set forth in this RFP.  The RTAA reserves the right to not award an Agreement for any work herein; issuance of this RFP does not guarantee any subsequent award.  Furthermore, the RTAA reserves the right to hire any additional subject matter experts for specialty items, as needed, at its discretion.  The RTAA reserves the right to negotiate additional services and/or extend the duration of the Agreement with the selected Respondent(s), as the RTAA may deem necessary to fulfill the Project.Proposals shall be submitted no later than the date and time stated inSection 6, Schedule.  All Proposals, whether mailed or hand delivered, shall be enclosed within another envelope with the notation "PROPOSAL ENCLOSED" on the face of the outside envelope and received at the following address:Reno-Tahoe Airport AuthorityContracts & Procurement Department2770 Vassar StreetReno, NV 89502Late Proposals will not be accepted and will be automatically disqualified from further consideration.  No Proposal, whether mailed or hand delivered, shall be considered if it has not been received at the RTAA Contracts & Procurement Department, 2770 Vassar Street, Reno, NV, on or before the Proposal deadline.  Postmarks do not qualify as delivery.  The clock at the Procurement office is the RTAA's official clock; timeliness of Proposals will be determined using only this clock.  Respondents assume full responsibility for timely delivery of its Proposal at the specified location.  Respondents assume the risk for the method of delivery chosen.  The RTAA assumes no responsibility for delays caused by any delivery service.  Oral, telephonic, faxed, emailed Proposals, or Proposals submitted via NGEM are invalid and will not receive consideration.All Prospective Respondents should continually monitor this website to ensure receipt of any addenda associated with this RFP.

Nevada

2026-09-22