Consultant/OCIO/Discretionary
The authority is seeking investment advisory services for its $29 million 457 and $2.9 million 401(a) retirement plans.
The plan interviewed three finalists at its board meeting last week.
The plans’ current consultant was most recently hired in 2020.
The company had been exploring ways to best preserve and maximize its over-funded status.
The city is looking for an investment manager for its deferred compensation plan.
The search is due to the impending contract expiration of the incumbent, which is welcome to rebid.
The plan also issued a private markets consultant earlier this month.
The college saving plan selected an investment consultant to assess its investments, provide input and analysis on investment options and advise on investment policy following the issuance of an RFP in the fourth quarter.
The board also approved rehiring the investment consultant for its deferred compensation plan.
The firm, which provides private markets investments for registered investment advisors and financial intermediaries in the retail market, has added equity owners and several board members.