Investment Consultant Services

The Wellesley Retirement Board in Wellesley, Massachusetts, is seeking an investment consultant to support the agency and the Town's other post-employment benefits trust. The agency needs a partner to monitor the Pension Reserves Investment Management Board, or any current investment manager, and evaluate the performance of each fund managed on behalf of the Wellesley pension plan. This initiative aims to ensure robust oversight, policy compliance, and optimal performance of the plan's total assets. The scope of work requires the selected consultant to provide detailed asset performance reporting for each managed fund and the total plan assets at least quarterly. 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 consultant will review the System investment policy, including the asset allocation policy, with the Retirement Board at least once per year. Eligible bidders must be onshore organizations based in the United States. The agency expects the selected vendor to perform all services offsite. The agency has not disclosed a specific budget and is currently looking for proposals to determine the cost of these services. No specific evaluation criteria or key dates are detailed in the procurement notice.