Florida Prepaid College Board, Tallahassee, is searching for an investment consultant for the $1.5 billion Florida 529 Savings Plan and $110 million Florida ABLE Savings Program.
The board issued an invitation to negotiate after deciding to separate the current investment consultant contract so one consultant will provide the services for the $15.9 billion Stanley G. Tate Florida Prepaid College Program and $67 million Florida Prepaid College Foundation, with another consultant providing the services for the Florida 529 Savings Program and the Florida ABLE Program, a spokesperson said.
Aon Investments USA will remain the consultant of the prepaid college program and foundation, and the firm will be invited to rebid for the services for the 529 and ABLE programs, the spokesperson said.
The ITN is available on the board’s website. Proposals are due by noon EST on Feb. 28. A notice of intended award will be posted sometime in April or May.
