Firms listed below provide services to assist governments in providing treasury management products and services. Firms are categorized based on the type of product or service provided. Categories include:
GFOA recommends that governments review their financial services contracts every five years and use a competitive process for the procurement of financial services.
GFOA recommends that state and local governments exercise caution and prudence in their selection of investment advisers. Because fiduciary responsibility for the safety and liquidity of government funds cannot be delegated to an investment adviser, the implementation of a safe and effective investment program must be carefully coordinated with the adviser.