Lemont (Ill.) Police Pension Fund is searching for its first investment consultant, confirmed Christina Smith, finance director.
The $11.7 million pension plan invests mainly in bonds and uses two brokers — Edward Jones and Cetera Financial. Edward Jones has compiled reports for the pension board, but Ms. Smith said she suggested the board retain an investment consultant.
All investments are approved by the board.
The RFP is available on the village's website. Proposals are due at 3 p.m. CST Dec. 20. Finalist interviews are slated for Jan. 15. The contract will start April 1.