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County of Sacramento·California

General Investment Consultant

Closes 5/12/2026$1.5M – $2.5MRequest for Proposal
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Description

The Sacramento County Employees’ Retirement System (SCERS) is seeking a general investment consultant to assist in the evolution and monitoring of its total portfolio. The consultant will act as a fiduciary to SCERS and work closely with SCERS’ staff, board, and alternative assets and real estate investment consultants. The scope of services includes investment policy and asset allocation, risk management, public equity and credit investment manager search and due diligence, performance monitoring and reporting, compliance monitoring and reporting, and meeting, training, and client service. The consultant will also be required to provide quarterly reports, attend board meetings, and provide educational workshops to the board and staff. Some key points to consider: * The consultant will be required to act as a fiduciary to SCERS and work closely with SCERS’ staff, board, and alternative assets and real estate investment consultants. * The scope of services includes investment policy and asset allocation, risk management, public equity and credit investment manager search and due diligence, performance monitoring and reporting, compliance monitoring and reporting, and meeting, training, and client service. * The consultant will be required to provide quarterly reports, attend board meetings, and provide educational workshops to the board and staff. * The consultant will be expected to have experience working with public pension plans and a strong understanding of investment consulting services. * The consultant will be required to provide a non-discretionary, full retainer fee proposal for the services described in the scope of services.

Attached files

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

Contact

Shannon Browning

[email protected]

(916) 874-9090

Key dates

Opened
4/13/2026
Questions due
4/28/2026
Closes
5/12/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
523930
Solicitation №
2026-GEN-0037

Budget estimate

$1,500,000 – $2,500,000

The budget for this opportunity is likely to be a fixed annual retainer fee, with a possible adjustment factor after the initial five-year period. The exact amount of the fee is not specified in the document, but it will be based on the scope of services provided. To estimate the budget, we can consider the size of the SCERS portfolio, which is approximately $15.7 billion. The annual fee for a general investment consultant can range from 0.05% to 0.20% of the portfolio value, depending on the scope of services and the level of expertise required. Assuming an average fee of 0.10% to 0.15% of the portfolio value, the annual budget could be in the range of $1.57 million to $2.355 million. However, this is a rough estimate and the actual budget could be higher or lower, depending on the specific services provided and the level of competition for the contract.

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