Investment Consulting Services

The Wellesley Retirement Board in Massachusetts is seeking investment consulting services to monitor and manage its pension assets. The agency needs to solve the problem of tracking asset performance and maintaining an optimal asset allocation strategy for its total plan assets. To achieve this, the agency requires a consultant to provide quarterly reporting on the performance of each fund and total plan assets, including a summary of asset allocation that applies look-through treatment to multi-asset funds. The scope of work also requires the selected vendor to provide Capital Market Expectations for ten, twenty, and thirty-year periods at least once a year. The consultant must attend Board meetings at least semi-annually to conduct performance and manager reviews following the fiscal and calendar year ends. Additionally, the vendor must review the system investment policy and asset allocation policy with the Retirement Board annually, which includes computing expected returns using updated capital market assumptions and comparing them to the actuarial discount rates. The agency requires the consultant to provide ongoing education to the Board through periodic reports and publications. Only onshore organizations based in the United States are eligible to bid on this opportunity. The selected vendor will perform all work offsite, and the agency will accept proposal submissions digitally via email or online. The agency has not disclosed a specific budget and is looking for cost proposals within the bids.