The state of Maine hired CAPTRUST Financial Advisors as investment consultant of its $486 million 457 plan, said Kurt Caswell, executive director, employee health and benefits, in an email.
The state issued an RFP in October because the state had used the same consultant for a decade and wanted to see what other options were available, Mr. Caswell said at the time. Current consultant Buck Global did rebid for the services and was a finalist along with Fiduciary Investment Advisors.
The hiring is pending successful contract negotiations.
