West Virginia State Treasurer's Office, Charleston, is searching for an investment consultant for the state's College Prepaid Tuition and Savings Program, confirmed Wilma Harrison, director of administration at the treasurer's office.
Incumbent Callan Associates is invited to rebid. Its contract expires Sept. 30. The new contract is for one year, with four additional one-year renewal options.
The two 529 plans — a closed prepaid tuition plan and an open savings plan — have a combined $1.8 billion in assets. The current asset allocation is 55% domestic fixed income, 30% domestic equity and 15% international equity.
The RFP is available on the treasurer's website. Proposals are due at 1 p.m. EDT Sept. 26. A hiring decision is expected with in a month of the due date, Ms. Harrison said.