Public Sector Investment Services
Public Sector Investment Services
At a glance
Baker Tilly Investment Services (BTIS) specializes in portfolio management and investment advisory services for the public sector.
BTIS manages short-term investments to generate stable returns and preserve capital. We are dedicated to serving local government entities, utilities, libraries, public school districts and higher education.
As fiduciaries, we are legally and ethically required to act in the best interest of our clients, always putting their needs ahead of our own. We charge a quarterly fee for our services, rather than earning commissions which could influence our recommendations.
Investment advisory services are offered through Baker Tilly Wealth Management, LLC, a registered investment adviser.
Tailored solutions
As investing becomes increasingly complex, making informed decisions is more crucial than ever. We specialize in customized fixed-income portfolio management — including institutional fixed income strategies — regulatory compliance, risk assessment, and providing objective advice to help your organization navigate these challenges.
Our practice areas include the investment and management of municipal bond proceeds and operating funds, acting as bidding agent for advance refunding escrows and facilitating banking RFP (request for proposal) processes.
When municipal bonds are issued for construction projects, the proceeds are not immediately utilized. Instead, these funds are drawn down as work phases are completed and can be invested according to the project’s draw schedule.
We provide a comprehensive, strategic approach to managing bond proceeds, with the goal of providing competitive returns and compliance throughout the project’s life cycle.
- Conducting yield curve and market analysis to determine the most suitable investment products, time frames and amounts.
- Preparing a customized investment portfolio focused on safety, liquidity and return.
- Soliciting competitive offers, choosing the most advantageous options, executing the purchases and managing their settlement.
- Monitoring the account for profitable ‘switch’ opportunities, reinvesting maturing securities when appropriate and tracking IRS arbitrage rebate liability.
We assist public sector clients in identifying a 'core' investable balance within their operating funds, based on the minimum balance required over a specified period. A large percentage of that investable balance can then be invested in a portfolio of eligible securities.
We work closely with clients to manage their operating funds efficiently, with an emphasis on safety, liquidity and return.
- Determining core balances in each fund to identify investable amounts.
- Selecting the most appropriate investment types based on state investment statute and the client’s investment policy.
- Conducting yield curve and market analysis to determine the most suitable investment strategies, such as barbell or ladder approaches.
- Soliciting competitive offers, choosing the most advantageous options, executing the purchases and managing their settlement.
- Monitoring the account for profitable ‘switch’ opportunities and reinvesting maturing securities when appropriate.
As bidding agent for advance refunding escrows, we facilitate the competitive process of selecting the most suitable investments to secure the funds needed for redemption of the outstanding bonds. Our role is to help ensure that the escrow is structured effectively and that investments are chosen to optimize returns while meeting legal and regulatory requirements.
We guide you through the process of selecting the most appropriate investment options for your advance refunding escrows, ensuring efficiency, compliance and savings.
- Issuing and managing competitive bids for the purchase of securities that will fund the advance refunding escrow.
- Evaluating and analyzing bids to select the most appropriate portfolio of open-market or State and Local Government Series (SLGS) securities.
- Coordinating with bond counsel and verification agent to ensure that the investment aligns with the legal documents and requirements of the refunding.
- Providing transparency throughout the bidding process and ensuring the securities are settled properly.
- Reviewing and editing current investment policy
Our industries and services
State & Local Government
Baker Tilly guides governments, utilities and school districts to pursue growth goals, meet financial obligations and build stronger communities.
Higher Education
We empower higher education leaders to navigate the greatest challenges and ensure universities and colleges continue sustainability to drive social mobility, knowledge creation, economic and workforce development while contributing to a healthier and more just and civil society. Baker Tilly will help you articulate and realize your goals and maximize your chances of achieving them. Let's go there. Now, for tomorrow.
Energy
Energy consulting expertise where it matters — on the ground, in the grid and for the future.
