Arizona hired Capital Cities as an investment consultant for the Arizona Family College Savings Program, Phoenix, a 529 plan with approximately $1 billion in assets, said a posting on the state’s procurement website.
The state issued an RFP in June. The reason for the search, and information regarding the incumbent consultant, could not be learned by press time.
Deena Lager, director of the 529 plan, could not be immediately reached to provide further information.
