Multi-Asset/Investment Advisor
A search was launched in October due to the impending contract expiration of the city’s incumbent.
The city intends to hire a new manager to handle its investment portfolio.
The city last conducted a search for the services in 2020.
The city hired Public Trust Advisors to handle the services following an RFP issued at the start of the decade.
The advisor will provide fiduciary oversight and strategic guidance for the plans.
The town received six proposals in response to an RFP issued in January.
The hires conclude an RFP process that began in September due to upcoming contract expirations.
The city is seeking a firm to provide services for its $33 million investment portfolio.
The city last completed a search for the services in 2021.
The selected firm will manage the retirement plan’s entire balanced portfolio.