Calvert Marine Museum accepting proposals for Investment Manager

News Release, Calvert Marine Museum

SOLOMONS, MD – March 19, 2019 – The Calvert Marine Museum Society (CMMS) invites investment advisory firms and individuals to submit proposals outlining their abilities to serve as investment manager for the Society’s endowment portfolio.  The market value of this portfolio is approximately $5 million as of January 31, 2019. 

The investment advisor will be primarily responsible for directing and managing the investment and reinvestment according to the objectives and policies established by the Board of Directors of the CMMS.  Investment practices and procedures must comply with Maryland law and the CMMS Investment Strategy.  The investment advisor shall produce investment reports for the organization and shall be able to exercise discretionary authority to execute investment transactions, subject to the constraints established by the CMMS Investment Policy Statements.

Eligible candidates must have at least five years of experience as a financial advisor or financial advising firm for nonprofit organizations with minimum investments of $5 million. Interested candidates must submit a Notice of Intent to CMMS Business Manager, Roxie R. Welch, via email atRoxie.Welch@calvertcountymd.gov no later than Thursday, March 28, 2019.  Complete proposal packages must be received by Wednesday, April 17, 2019 at 4:00 p.m.  Proposals may be mailed or hand-delivered to:

  • Roxie R. Welch, Business Manager
  • Administration Building
  • Calvert Marine Museum Society, Inc.
  • 14150 Solomons Island Road
  • P. O. Box 97
  • Solomons, MD 20688

Additional information, including the scope of work, proposal requirements, and evaluation procedures, can be found at bit.ly/CMMRFP.  Questions and inquiries shall be addressed to Roxie R. Welch, CMMS Business Manager, no later than Friday, April 5, 2019 at 12:00 p.m. and may be submitted in the following forms:

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