Manatee County nets first investment consultant for 457 plan

Manatee County, Bradenton, Fla., hired Montgomery Retirement Plan Advisors as the first investment consultant of its 457 plan, according to a letter of intent to negotiate posted on the county’s procurement website.

The county issued an RFP in February to assist in “maintaining an investment policy with any necessary amendments consistent with best practices in the industry and will advise the county on the provision of investment options,” according to the RFP.

The other finalist was Fiduciary First. The asset size of the plan was not available.

William Bryant, contracts negotiator, was not available to provide further information by press time.