Waltham Contributory picks Fiduciary Investment Advisors as consultant

Updated with correction.

Waltham (Mass.) Contributory Retirement System hired Fiduciary Investment Advisors as investment consultant, confirmed Joseph Juppe, executive director of the $163 million pension fund.

Dahab Associates, Kamp Consulting Solutions and Meketa Investment Group were also finalists.

The pension fund did not previously have an investment consultant. It invests through the $50.7 billion Massachusetts Pension Reserves Investment Trust, Boston, and FIA will evaluate what the plan needs to do to take a portion or all of its assets out.