The deal will add approximately 2,900 advisors and roughly $285 billion in brokerage and advisory assets to LPL’s platform.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
Dan Bienvenue has been with the plan for 21 years and served as interim cio on two occasions during his tenure.
Endowment boards need to have expectations as to how asset allocation and positioning is going to impact short-term results, an interim CIO at a university said, during a conference held in Miami this week.
The CIO said the comments to an audience of financial advisors at a conference held in Miami this week.
The plan made a $10 million commitment to the next fund offering of an existing manager.
The retirement trust opted to hire two core real estate managers and redeem from two other real estate funds at its February meeting.
The plan is conducting the search to see what other options are available in the market.
The plan could allocate up to $500 million to U.S. or global long-only strategies.
The combined firm will have approximately $750 million in assets under management across five equity strategies.