Texas Comptroller of Public Accounts, Austin, is searching for an investment consultant for the Texas Prepaid Higher Education Tuition Board, spokesman Chris Bryan said.
The comptroller issued an RFP because the contract of current consultant Aon Hewitt Investment Consulting is expiring; the firm is invited to rebid.
The chosen consultant will advise the board and the comptroller on administering all of the board's investment activities related to the plans it oversees, which include the state's $797 million Texas Tuition Promise Fund, $480 million Texas College Savings Plan, $445 million Texas Guaranteed Tuition Plan and $189 million LoneStar 529 Plan.
The RFP is available on the comptroller's website. Proposals are due at 2 p.m. CDT on April 1. Finalist presentations are tentatively scheduled to take place May 14, with a decision shortly thereafter.