Baker Tilly Investment Services

Providing municipal entities with professional investment advice.

At a glance

We understand that municipalities continue to face budget challenges and are increasingly being asked to do more with less. 

We know that developing an efficient banking and investment program that not only protects a municipality’s funds, but also provides an adequate return, is no easy task.

Baker Tilly Investment Services integrates its efforts with Baker Tilly’s Municipal Advisory team, in order to provide an optimal blend of specialized public finance and investment expertise.

Our strategies and decisions are guided only by your unique objectives. 

Our services include: 

  • Bond proceeds investment advisory
  • Operating funds investment advisory
  • Banking request for proposal services
  • Escrow defeasance accounts for advance refundings
  • Investment policy development
  • Cash flow analysis
  • Investment manager selection
  • Commercial bank evaluation

Bond Proceeds Investment Advisory

Our team works with municipalities to assist them in structuring investments for their construction projects, including:

  • Developing an investment cash budget for the construction project.
  • Creating a proposed investment strategy based on cash flow needs and current market conditions focusing on safety, liquidity and return.
  • Competitively bidding qualified investments using financial institutions or brokers pursuant to public funds code, legal documents and/or client investment policy, and seeing investments through to settlement.
  • Considering IRS rebate when structuring investments.
  • Utilizing a custodian to hold construction balances and settle investments.
  • Reporting investments by custodian monthly.
  • Monitoring balances and looking for reinvestment opportunities.

Operating Funds Investment Advisory

Baker Tilly Investment Services works with municipalities to assist them in structuring investments for their operating funds. Our process includes:

  • Working with the client to identify core balances to be invested.
  • Creating a proposed investment strategy based on cash flow needs and current market conditions focusing on safety, liquidity and return.
  • Competitively bidding qualified investments using financial institutions or brokers pursuant to public funds code and/or client investment policy, and seeing investments through to settlement.
  • Utilizing a custodian to hold core balances and settle investments.
  • Reporting investments by custodian monthly.
  • Looking for reinvestment opportunities as investment mature.

Banking Request for Proposal Services

We believe our municipal clients expect low fees, market interest rates, superior technology and great service from their operating bank. From time to time, however, every municipality should confirm that they are, in fact, getting the best deal the market can provide by requesting proposals for banking services.

Banking has become more complicated, and with many banks to choose from, comparing services and fees can be time consuming and a drain on your resources. Our team has many years of banking experience and provides our municipal clients with Request for Proposal services, including:

  • Assisting clients in preparing comprehensive bid proposal requests.
  • Reviewing and analyzing all bids received.
  • Working with our clients to determine best bid.

Other services include

  • Providing rating updates on financial institutions
  • Reviewing investment policies and guidelines
  • Marketing an outlook newsletter

Baker Tilly Investment Services was developed as an independent business entity to help create structured investment programs for our clients’ bond proceeds and operating funds.  

Baker Tilly Investment Services is a federally registered investment advisor.

View Form ADV Part 2

Webinar

Opportunity Zones: understanding structuring issues for multifamily investments

As the Opportunity Zone (OZ) program continues to gain momentum, multifamily seems to be taking the lead in popularity for investment. Are you ready to take advantage?

In this recording of our recent webinar, our presenters take a deep dive into the practical structuring issues that need to be addressed as you consider offering an OZ investment into your next multifamily project.

By the numbers

100+ years

Combined years of investment related experience