Oktibbeha County - Institutional Investment Management and Fiduciary Services - 20260715-001
Oktibbeha CountyCounty · Starkville, MS- Due
- Aug 31, 2026
- Deadline passed
- Posted
- Jul 15, 2026
- Primary contact
- Wayne Carpenter
- (662) 323-1520
The 30-second brief
Oktibbeha County seeks qualified chartered institutional fiduciaries to provide comprehensive discretionary investment management, custody coordination, quarterly reporting, CPI-U indexed inflation calculations, annual audited compliance statement preparation, and general trust advisory services for the permanent public endowment of the Oktibbeha County Reserve and Trust Fund. The initial trust corpus holds exactly $55,000,000.00. Proposals are due by August 31, 2026, at 2:00 PM CT, submitted as eight tabbed copies and one USB drive to 101 East Main Street, Starkville, MS 39759. A mandatory notice of intent to propose is required by August 1, 2026, and proposer questions are due by August 10, 2026. Proposing institutions must meet strict qualifications including $15 billion in consolidated banking assets, $1 billion in trust AUM/AUA, 15 years of trust powers, $20 million in E&O insurance and fidelity bonds, and GIPS compliance.
1. Prudential Supervision: Must be a state- or federally chartered bank or trust company authorized to do business in the State of Mississippi and subject to ongoing supervision by the Mississippi DBCF or the federal OCC. Standalone RIAs, Broker-dealers, And insurance agencies are statutorily ineligible. 2. Tenure of Powers: Must hold full national or state trust powers and have actively exercised those powers for a continuous period of not less than fifteen (15) continuous years. 3. Consolidated Banking Assets: The proposing institution must maintain consolidated banking assets of not less than $15, 000, 000, 000.00 ($15 Billion) as of the most recent calendar quarter-end, Ensuring robust corporate counterparty strength. 4. Division Trust Scale: The proposing institution's dedicated trust or wealth management division must maintain assets under management or administration (AUM/AUA) of not less than $1, 000, 000, 000.00 ($1 Billion). 5. Comparable Account Experience: Must currently manage or administer at least three (3) perpetual or quasi-perpetual public sector, University, Or non-profit endowment accounts of not less than $25, 000, 000.00 ($25 Million) each. 6. Fiduciary Insurance Protection: Must carry errors-and-omissions (E&O) professional liability insurance of not less than $20, 000, 000.00 ($20 Million) and a financial institution fidelity bond of not less than $20, 000, 000.00 ($20 Million). 7. Control Vetting: Must produce its most recent annual SOC 1 Type II (SSAE 18) operational control audit report covering trust accounting systems AND a SOC 2 Type II audit report covering the client-facing online reporting platforms and underlying databases that will service the County (equivalent platform-level SOC reports for licensed institutional trust accounting systems are acceptable). 8. Performance Reporting Standards: All composite performance data must be compliant with the Global Investment Performance Standards (GIPS) of the CFA Institute, Independently verified on an annual basis.
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Summary
Oktibbeha County seeks qualified chartered institutional fiduciaries to provide comprehensive discretionary investment management, custody coordination, quarterly reporting, CPI-U indexed inflation calculations, annual audited compliance statement preparation, and general trust advisory services for the permanent public endowment of the Oktibbeha County Reserve and Trust Fund.
The initial trust corpus holds exactly $55,000,000.00. Proposals are due by August 31, 2026, at 2:00 PM CT, submitted as eight tabbed copies and one USB drive to 101 East Main Street, Starkville, MS 39759. A mandatory notice of intent to propose is required by August 1, 2026, and proposer questions are due by August 10, 2026. Proposing institutions must meet strict qualifications including $15 billion in consolidated banking assets, $1 billion in trust AUM/AUA, 15 years of trust powers, $20 million in E&O insurance and fidelity bonds, and GIPS compliance.
REQUIRED DELIVERABLES
1. Prudential Supervision: Must be a state- or federally chartered bank or trust company authorized to do business in the State of Mississippi and subject to ongoing supervision by the Mississippi DBCF or the federal OCC. Standalone RIAs, Broker-dealers, And insurance agencies are statutorily ineligible. 2. Tenure of Powers: Must hold full national or state trust powers and have actively exercised those powers for a continuous period of not less than fifteen (15) continuous years. 3. Consolidated Banking Assets: The proposing institution must maintain consolidated banking assets of not less than $15, 000, 000, 000.00 ($15 Billion) as of the most recent calendar quarter-end, Ensuring robust corporate counterparty strength. 4. Division Trust Scale: The proposing institution's dedicated trust or wealth management division must maintain assets under management or administration (AUM/AUA) of not less than $1, 000, 000, 000.00 ($1 Billion). 5. Comparable Account Experience: Must currently manage or administer at least three (3) perpetual or quasi-perpetual public sector, University, Or non-profit endowment accounts of not less than $25, 000, 000.00 ($25 Million) each. 6. Fiduciary Insurance Protection: Must carry errors-and-omissions (E&O) professional liability insurance of not less than $20, 000, 000.00 ($20 Million) and a financial institution fidelity bond of not less than $20, 000, 000.00 ($20 Million). 7. Control Vetting: Must produce its most recent annual SOC 1 Type II (SSAE 18) operational control audit report covering trust accounting systems AND a SOC 2 Type II audit report covering the client-facing online reporting platforms and underlying databases that will service the County (equivalent platform-level SOC reports for licensed institutional trust accounting systems are acceptable). 8. Performance Reporting Standards: All composite performance data must be compliant with the Global Investment Performance Standards (GIPS) of the CFA Institute, Independently verified on an annual basis.
- Submit to
- Eight (8) Tabbed Copies and one (1) USB Drive delivered to 101 East Main Street, Starkville MS 39759
- Scope location
- Starkville, MS
Questions about this RFP
How do I respond to this RFP from Oktibbeha County?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is August 31, 2026. The solicitation specifies required deliverables that must be addressed in your response. Submissions should be delivered to: Eight (8) Tabbed Copies and one (1) USB Drive delivered to 101 East Main Street, Starkville MS 39759. For questions, contact Wayne Carpenter.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including Oktibbeha County in MS, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Wayne Carpenter at (662) 323-1520. Questions and answers are typically shared with all prospective bidders.
What are the key deliverables?
The solicitation specifies the following deliverables: 1. Prudential Supervision: Must be a state- or federally chartered bank or trust company authorized to do business in the State of Mississippi and subject to ongoing supervision by the Mississippi DBCF or the federal OCC. Standalone RIAs, Broker-dealers, And insurance agencies are statutorily inelig. Proposals should clearly address how each deliverable will be met.
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Where can I find more RFPs from Oktibbeha County?
All active and historical solicitations from Oktibbeha County are tracked and searchable. As a county agency, Oktibbeha County regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. Review the full document from Oktibbeha County for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Starkville, MS. Review the full solicitation for detailed scope requirements.