The Township of Upper St. Clair, Pa., is searching for an investment consultant for its police and general employees defined benefit plans totaling $28.5 million.
Beirne Wealth Consulting, an investment consultant, is assisting with this search.
The search is being conducted because the township has had the same two consultants for the two plans for 10 years and would like to have only one consultant advise both plans and to also explore its options, said Christopher Englebert, managing director of Beirne Wealth Consulting.
PNC Bank is the current consultant for the police plan while Voya advises the general employees plan. Both are invited to rebid.
Both non-discretionary consultants and outsourced CIO providers will be considered, Mr. Englebert said.
The RFP is available on the township's website. Proposals are due by 3 p.m. EDT on July 17. The township's board of commissioners anticipates making a final selection on Oct. 7.