Rocaton moves into outsourced CIO business

Rocaton Investment Advisors launched a “discretionary consulting” business, according to Robin Pellish, the investment consulting firm's CEO.

In a telephone interview, Ms. Pellish said Rocaton recently signed its first discretionary consulting client, a non-public defined benefit plan with “a little bit north of half a billion dollars.” She declined to name the client.

With the new business, Rocaton will be able to respond to clients that want the firm to oversee their entire investment portfolio, rather than just seeking recommendations on matters such as manager selection, asset allocation and portfolio construction.

John Nawrocki, managing director, investment solutions, will oversee Rocaton's discretionary consulting business.

Ms. Pellish said the decision to launch its discretionary consulting business is in line with industry best practices, meeting demand from clients looking to outsource decisions on manager selection and asset allocation while giving consulting firms new avenues of growth.