Virginia 529 plan casts net for investment consultant

Virginia529 College Savings Plan, Richmond, is searching for an investment consultant, said Mary Morris, the plan’s CEO.

The $57.9 billion 529 plan issued an RFP because it has been a number of years since it has put the services up for bid, Ms. Morris said. The current consultant, Mercer, is invited to rebid.

The RFP is available on the plan’s website. Proposals are due at 1 p.m. EST on Jan. 9. A decision is expected by the end of the month.