Model RFP

Expedite Your RFP Process

Select from three versions:

Request a version as a Word document.

A standardized process for selecting money managers

This template makes it easier for smaller institutional firms to prepare a request for proposal (RFP) and simpler for money managers to respond. Its sample questions cover the majority of information an investor may seek from money managers and are customizable to each firm’s unique needs.

While the essential money manager characteristics may not be easily conveyed in a standard entry on an RFP, these templates provide a solid first step in the selection process. Investors have a fiduciary duty to fully understand the replies to solicited RFPs. If an investor lacks expertise in this area, an outside adviser may be able to help.

Developed in collaboration with:

The Investment Adviser Association (IAA) is a not-for-profit organization that exclusively represents the interests of U.S. SEC-registered investment advisory firms. Founded in 1937, its current membership consists of more than 500 firms that collectively manage in excess of US $9 trillion in assets for a wide variety of individual and institutional investors.

Investment Management Consultants Association (IMCA) was established in 1985 to deliver the premier investment consulting and wealth management credentials and world-class educational offerings. Through membership, conferences, certificate programs, publications, and designations, IMCA provides advisers and consultants with the knowledge, tools, and resources required to best serve their clients. The cornerstone of IMCA is the Certified Investment Management Analyst^SM (CIMA^®) designation. IMCA also delivers the Chartered Private Wealth Advisor^SM (CPWA^SM) designation.

The Institute for Private Investors (IPI), founded in 1991, is a private membership organization with the mission to improve how investors work with advisers and how advisers work with investors, for the benefit of both. IPI ensures a safe harbor for investor education and the confidential exchange of information. Because IPI does not endorse any investment services, strategies, or managers, program content is academic. Events are held globally and also in collaboration with the Wharton School at the University of Pennsylvania and with Stanford University. Membership dues and educational fees are the sole source of revenue.