OPEB Trust--Investment Advisor RFP

The City of Scranton is seeking a qualified investment advisor to manage the assets of its Other Post-Employment Benefits (OPEB) Trust. The selected advisor will be responsible for achieving the investment objectives of the Trust's adopted investment policy. The contract term is for 3 years, with the option to extend annually. The advisor will provide quarterly performance reports and may be requested to provide advice on the investment policy's investment strategy. The ideal candidate will be registered as an investment adviser under the Investment Advisers Act or be a bank as defined in the Investment Advisers Act. Key considerations for this project include: • Investment management experience • Knowledge of the Investment Advisers Act • Ability to provide quarterly performance reports • Ability to provide advice on investment policy • Registration as an investment adviser or bank • Fiduciary responsibility to the OPEB Trust