Consultant/OCIO/Discretionary
The retirement fund returns to a previous general investment consultant relationship after changing firms following a similar search process conducted in 2019.
The retirement fund is conducting the search after working with its incumbent “for decades.”
The consultant will provide advice related to investment policies and asset allocation.
The plan’s incumbent has been serving in the role since 2017.
The plan began a search in January for an investment consultant.
The approval comes as the plan’s five-year contract with its current consultant is ending.
The retirement fund had been expected to issue the RFP after exercising two contract extensions with its incumbent.
The mental health authority is seeking investment advisory services on behalf of its 401(a) and 457(b) plans.
The plan was scheduled to issue the RFP as it nears the contract expiration of its incumbent.
The defined contribution plans have issued a general investment consultant RFI for best practices.