Consultant/OCIO/Discretionary
The authority hired a consultant in its retirement plan investment advisor and consulting services search.
The township is seeking the services on behalf of its $17.1 million general fund.
The retirement plan and health care trust are conducting separate RFPs due to incumbent contract expirations and state procurement regulations.
The pension plan currently works with general investment consultant Mariner Institutional.
The plan opted to retain its current provider for the services.
The city’s retiree health care trust funds hired a firm for the services following a search conducted in 2020.
The plan’s current consultant has been in place since 2006.
The plan is searching for an advisor for an up to five-year contract.
The authority will seek board approval to hire a new investment consultant at a May 21 meeting.
The search is being conducted due to the upcoming Dec. 31 contract expiration of incumbent RVK.