Independent Investment Advisor

The Rhode Island Public Transit Authority (RIPTA) is seeking qualified firms to provide investment‑advisory and plan‑administration services for its Employees Pension Plan, a defined‑benefit fund valued at approximately $218 million. The contract will cover portfolio management, policy development, manager selection, performance reporting, and attendance at board meetings. The solicitation includes an addendum (dated May 22 2026) and requires bidders to acknowledge receipt of all addenda. No explicit submission deadline is shown in the excerpt. • Manage a $218 M pension portfolio across equity, fixed‑income, real‑estate, and cash classes. • Deliver ongoing investment policy statements, manager searches, and annual actuarial studies. • Provide quarterly performance reporting and attend in‑person pension board meetings. • Coordinate with the current manager (Empower Capital Management) and maintain compliance with ERISA and state regulations. • Submit a bid package that includes an Acknowledgement of Addenda form.