Norfolk County Retirement System, Dedham, Mass., is searching for a new custodian and a discount brokerage to do commission recapture, said Timothy Cahill, county treasurer.
RFPs will go out Aug. 3. The deadline is Sept. 3. The current custodian for the more than $330 million system is BankBoston, which just sold its custodial business, Mr. Cahill said.
``We were going to go out anyway just to see what is out there. This makes it an even better idea,'' he said. The system also is setting up a commission recapture program as a way of saving money, Mr. Cahill said. H.C. Wainwright is assisting in the search.