Brazos River Authority corrals TCG as discretionary investment consultant

Brazos River Authority, Waco, Texas, hired TCG Group Holdings as discretionary investment consultant for its 457(b) and 401(a) plans, which have roughly $10.5 million in combined assets, a spokeswoman said.

Earlier this year, MassMutual Retirement Services was hired as the plans’ record keeper, replacing ICMA-RC. As part of that transition, the authority issued an RFP in October for a discretionary investment consultant to provide fund selection and performance reporting, among other services.