General Nondiscretionary Investment Consulting Services

Overview

Financial, Legal, HR & Staffing

Jackson, Mississippi, United StatesPosted 2 months agoDeadline: May 15th, 2026

Fit Score

Settle Intelligence

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SUMMARY

Seeking investment consulting services for portfolio management, reporting, and manager evaluation for a government authority in Jackson, Mississippi.

KEY REQUIREMENTS

Experience working with at least 3 public plans, each with $10 billion or more in assets, and cumulative assets under advisement of $75 billion.
Minimum 10 years experience working with public pension plans in alternative and private market investments.
Primary consulting representative must have a minimum of 10 years experience providing investment consulting services to public defined benefit plans.
Firm must be willing to contractually serve in a nondiscretionary manner as a fiduciary for all investment programs administered by MSPERS.
Firm must be registered with the SEC (Form ADV parts I & II required).
Firm must maintain fiduciary liability and E&O insurance coverage of at least $5 million for the duration of the contract.

BUDGET

Estimate

$4,000,000 – $16,000,000

CONTRACT DURATION

96 months

TIMELINE

Release of RFP: March 1st, 2026

Intent to Respond & Mandatory Qualifications Due: May 1st, 2026

Mandate Options Selection: May 1st, 2026

Questionnaire & Completed Proposals Due: May 15th, 2026

Finalist Interviews: June 15th – July 15th, 2026

Complete Internal Review and Scoring: August 15th, 2026

Recommendations Provided to Board: August or October Board Meeting

Contract Start Date: To Be Determined

QUESTION DEADLINE

April 15th, 2026

Issuing Agency

Public Employees Retirement System of Mississippi

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The government authority in Jackson, Mississippi is seeking a vendor to provide general nondiscretionary investment consulting services. Responsibilities include assisting with strategic planning and portfolio construction, manager research, selection, monitoring, and termination, as well as evaluating custodians and securities lending options. The consultant will also provide education and research materials for trustees and staff and deliver portfolio management technology and software solutions.

Additional duties comprise monthly, quarterly, and annual reporting to the board and staff, analysis of fees across investment manager relationships, and suitability assessments of asset-level benchmarking within the portfolio. The vendor must disclose all potential and current conflicts of interest and annually provide detailed information on all sources of revenue and affiliations. The contract period will be for one year.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.