Searches and Hires

Middletown Township seeks investment consultant for pension plans

Middletown Township, Bucks County, Pa., is searching for an investment consultant for its uniform and non-uniform pension funds with about $50 million in combined assets.

The search is being conducted because an RFP hasn't been issued since the 1990s, said Brian Shapiro, Middletown Township's director of finance and human resources. Stifel, Nicolaus & Co. and Tocqueville Asset Management are the incumbents and are invited to rebid.

The RFP is available on the state's procurement website. Registration is required. Proposals are due at 11 a.m. EDT on Sept. 7. A selection is expected to be made in November.