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Change in RFP’s for Investment Professionals

January 14th, 2016

A change in the disclosures required of investment professionals with pension board contracts became effective January 1, 2015.  Under the new statute, before a Pension Board awards a contract for investment services, the investment advisor or consultant must first disclose a number of enumerated figures pertaining to the advisor or consultants hiring of minorities, females, and persons with disabilities.  Since the change only applies to contracts entered into after January 1, 2015, we have revised our draft RFP’s to address statutory change.