Virginia Department of the Treasury, Richmond, is searching for an investment consultant for the treasurer's $9 billion in assets under management, including the $600 million Virginia Tobacco Settlement Foundation Endowment.
Wells Fargo Advisors is the current consultant, said Kelley Denton, procurement officer. The firm is invited to rebid.
Proposals are due at 3 p.m. EST on Jan. 31. A timetable for a decision has yet to be determined.
The RFP is available on the state's procurement website.