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Massachusetts Town of Lexington·Massachusetts

Investment Consultant Services

Closes 4/9/2026$50k – $500kRequest for Proposal
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Description

The Town of Lexington Retirement Board is seeking proposals from qualified entities to serve as Investment Consultant to the Board. The selected consultant will provide investment advice and guidance to the Board. The RFP documents can be obtained online at www.lexingtonma.gov/bids, and responses must be delivered to Michelle Malone, Executive Director, 1625 Massachusetts Ave, Lexington, MA 02420. The Board reserves the right to cancel or reject in whole or in part any or all proposals in the best interest of the Retirement System. • The consultant will be responsible for providing investment advice and guidance to the Board. • The consultant will be expected to have experience in investment consulting and a strong understanding of the retirement system. • The Board is looking for a consultant who can provide independent and unbiased investment advice. • The consultant will be required to submit a proposal outlining their qualifications, experience, and approach to providing investment consulting services. • The Board will evaluate the proposals based on factors such as experience, qualifications, and cost.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Elizabeth Mancini(Purchaser)

[email protected]

(781) 862-0500

Key dates

Opened
3/19/2026
Closes
4/9/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523930
Solicitation №
BD-26-1286-PRC01-PRC01-126843

Budget estimate

$50,000 – $500,000

The budget for this opportunity is difficult to estimate as the document does not provide a clear indication of the contract value. However, based on the fact that the Town of Lexington Retirement Board is seeking investment consulting services, it is likely that the contract value will be in the range of $50,000 to $200,000 per year, depending on the scope of work and the consultant's fees. The total contract value over the life of the contract could be higher, potentially in the range of $200,000 to $500,000, assuming a 3-5 year contract term.

AI estimate from the solicitation

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