Institutional Investor RFP Checklist

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RFP Checklist

Some things that would be included on a standard RFP from an institutional investor who needs investment advisory or management service is organizational information, client service, personnel, product risk, and performance measurements. More information on RFP categories is below.

STANDARD ITEMS ON INSTITUTIONAL INVESTOR RFP FORM

FIRM INFORMATION

  • Organizational Information — This category lists all the firm's contact information like the headquarters mailing address, phone number, firm classic, etc.
  • Firm Personnel — Here is where a table of all the individuals must be listed in each job function. The table will include the number of employees, years of experience, and tenure by job function.
  • Client Service — This is where the scope of services will be provided for the account the RFP is for.
  • Governance — The firm's internal control structure should be listed here as well as any potential conflicts of interests.

PRODUCT INFORMATION

  • Personnel — This is where all key personnel are to be listed including their name, title, education, role, and tenure.
  • Assets Under Management — This section has a table for the product in question for example by account and/or vehicle type.
  • Product Risk — Here the way the firm control's investment risk would be listed, along with other information related to product risk.

PERFORMACE

  • Performance — This section is used for firms that are GIPS compliant. If the first is not GIPS compliant, then past 10 years of the firm’s performance must be listed.
  • GIPS Compliance — This is where GIPS compliance must be proven by answering questions like “how many years the firm has been GIPS compliant”. There are other questions that would need to be answered if the firm is not compliant.

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