Pennsylvania’s Ambridge wants investment consultant

Ambridge, Pa., is searching for an investment consultant for its three defined benefit pension plans, according to an RFP posted on the borough’s website.

The current consultant could not be determined by press time. The three plans — fire, police and non-uniform — have a combined $7 million in assets.

The RFP is available on the borough’s website. Proposals are due at 3 p.m. EDT March 13. A hiring decision is expected on April 8.

Whitney Brady, borough manager, did not return a telephone call for additional information.