Rhode Island State Investment Commission and Rhode Island Higher Education Assistance Authority, Providence, are jointly searching for the first investment consultant for the state’s $7.7 billion 529 plan, said Ashley O’Shea, spokeswoman for state Treasurer Gina M. Raimondo.
The hired firm will receive a two-year contract to assess and advise the state’s CollegeBoundfund on its investments.
The RFP is available on the treasurer’s website. Proposals are due 4 p.m. EDT June 17. A selection is expected to be made sometime in September or October.