Tavares, Fla., hired Edd Holder and Associates as the first investment consultant for the city's three defined benefit plans, confirmed John Rumble, city purchasing manager.
An RFQ was issued in July. Other finalists were Bogdahn Group and Thistle Asset Consulting.
The three plans — City of Tavares Police Officers' Pension Plan, Firefighters' Pension Plan and General Employees Pension Plan — had a combined $10.9 million in assets as of Sept. 30, 2011, according to the city's most recent annual report.
