Searches and Hires

Pottstown, Pa., taps RBC Wealth Management as investment consultant for 2 pension plans

Borough of Pottstown, Pa., hired RBC Wealth Management as investment consultant for its $22 million Police Pension Plan and $18 million Non-Uniform Pension Plan.

"Based on competitive fees, experience, and an attractive asset allocation strategy, the pension investment boards chose RBC Wealth Management by unanimous vote," wrote Brooke Fisher, police pension board chairwoman, in an award letter on the borough's website.

An RFP was issued in December.

Ms. Fisher could not be reached for further comment.