---
title: "Active Multi Asset Investment Manager"
ocid: "ocds-h6vhtk-044590"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044590"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-044590.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-044590.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "RENFREWSHIRE COUNCIL"
published: "2024-10-07"
---

# Active Multi Asset Investment Manager

Buyer: RENFREWSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-044590

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-044590.json)

## Summary

Renfrewshire Council, along with associated charities, has completed the procurement process for an Active Multi Asset Investment Manager to manage various funds including the Paisley Common Good Fund and the Renfrewshire Council Insurance Fund. The procurement was conducted through an open tender procedure in accordance with the Government Procurement Agreement (GPA) Threshold, focusing on banking and investment services. The contract, valued at £698,610, was awarded to LGT Wealth Management, a large supplier based in Edinburgh. The contract signing took place on 26th September 2024, and the procurement process included various stages such as presentation evaluations occurring in the week commencing 29th April 2024.

This tender presents significant opportunities for businesses specialising in fund management and investment services, particularly those capable of demonstrating superior technical capability and meeting stringent quality criteria. The requirements include a strong emphasis on risk and operational management, performance management, and community benefits. Typically, large financial institutions or specialised asset management firms are well-suited to meet the council's needs, given the contract's substantial value and regulatory compliance requirements such as those enforced by the Financial Conduct Authority. Such contracts not only provide a substantial revenue stream but also offer a prominent role in supporting community projects through effective fund management.

## Notice

Renfrewshire Council (the Council) acting on behalf of itself and for associated Charities who are seeking to appoint an Active Multi Asset Investment Manager ( hereinafter referred to as the "Investment Manager" or " Service Provider") to manage the investments and generate a return which is then distributed to support community projects. The Investment Manager will manage: - the Paisley Common Good Fund and the Renfrew Common Good Fund ("Common Good Funds"), - the Renfrewshire Educational Trust ("Educational Trust") and - the Renfrewshire Council Insurance Fund ("Insurance Fund")

### Lot Information

Lot 1

The Tender Procedure will be conducted in accordance with an above Government Procurement Agreement (GPA) Threshold Open Tender procedure relating to a Services Contract.

Renewal: The Contract has the option to extend for up to two (2) years. Any extension will be at the sole discretion of Renfrewshire Council, and dependent on satisfactory performance.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/032090-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Oct 2024 |
| Submission deadline | 5 Apr 2024 |
| Future notice date | Not specified |
| Award date | 25 Sep 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £698,610 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | RENFREWSHIRE COUNCIL |
| Locality | PAISLEY |
| Post town | Paisley |
| Postcode | PA1 1JB |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM33 Inverclyde, East Renfrewshire, and Renfrewshire |
| Local authority | Renfrewshire |
| Electoral ward | Paisley East and Central |
| Westminster constituency | Paisley and Renfrewshire South |
| Delivery location | TLM83 Inverclyde, East Renfrewshire, and Renfrewshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | LGT WEALTH MANAGEMENT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 7 Oct 2024 at 13:58 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/032090-2024
- 5 Mar 2024 at 12:29 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/007004-2024

## Notice URLs

- http://www.publictendersscotland.publiccontractsscotland.gov.uk/
- http://www.renfrewshire.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000757610
- https://www.publiccontractsscotland.gov.uk/search/Search_AuthProfile.aspx?ID=AA00400

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-044590. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-044590.json.