St. Louis County Retirement Plan, Clayton, Mo., will begin a search for an investment consultant in about two weeks, said Susan Daniels, retirement plan administrator, in an email.
The $710 million pension fund will issue an RFP due to the recent announcement that AndCo Consulting is purchasing the public pension fund consulting business of current consultant Summit Strategies Group. Ms. Daniels said AndCo is "encouraged to submit a proposal along with any firms that are interested as we are looking forward to evaluating firms in the market."
The RFP will be available on the county's Bids and RFP webpage. Ms. Daniels said the RFP will likely be open to proposals for about 30 days. A decision will be made as soon as possible.