Laserfiche WebLink
EXHIBIT A <br />SCOPE OF SERVICES <br />1. Investment Advising Fee- $19 000 <br />• Prepare four Quarterly Investment Analysis Reviews for 457 Deferred Compensation Plan <br />and meet with the Plan Investment Committee up to four times . Said review shall include, but <br />not be limited to: <br />• Market overview addressing the major markets, indices, sectors and the <br />economic statistics affecting them; <br />• In -depth portfolio summary, including fund and benchmark returns, style <br />analysis and overall portfolio return; <br />• Analyze the Plan asset allocation by fund and underlying sector. The fund <br />lineup will also be analyzed to determine the amount of overlap that may be <br />occurring; <br />• Detailed quantitative and qualitative examination of each mutual fund <br />investment option within the Plan, including performance numbers versus the <br />category and index, manager style drift, risk / return, standard deviation, Sharpe <br />ratio, expense ratio, upside and downside capture and fund allocation; <br />• Review of City's Investment Policy Statement to ensure it is meeting the needs <br />of the Client and the defined contribution plan participants, and that the <br />processes outlined within are being adhered to; and <br />• Recommend possible fund alternatives when, in conjunction with the Investment <br />Committee, it is determined a change in fund line -up is necessary. <br />• Perform fund searches when necessary and make "watch list" recommendations <br />• Assist in fund change implementations with vendor, when applicable <br />• Prepare annual cost analysis and negotiate with vendor to potentially lower overall costs and <br />recapture any excess revenues on behalf of the Plan, if applicable <br />• Draft and maintain Investment Policy Statement <br />• Draft Committee Chart <br />er for adoption by City Council to delegate authority to Committee <br />