Scottsdale, Ariz., hired Innovest Portfolio Solutions as investment consultant for its $126 million 457 plan, an award notice on the city's purchasing website shows.
The city issued an RFP in April for a firm to advise the plan on its investment management, as well as the city's $8 million post-employment health plan.
John Snow, the city's bid and contract specialist, said at the time that the city currently does not have a firm under contract but did not specify whether this would be the plan's first consultant.
Mr. Snow was not available to provide further information.
