Page 242 - AugDefComp

Deferred Compensation Advisory Committee
Investment Consultant Request for Proposals Page 4

POST-INTERVIEW DISCUSSION NOTES
NFP INNOVEST
Investment analytics format might be easy for Nice investment analytics, such as the green-
public to read. yellow-red scorecard summary.
Well Cents app (separate cost) might be Team had a good vibe, energy.
considered for the County. Good diversity of team.
Selection committee appreciates that new Smaller size company. More intimate.
resources (account team, Well Cents) are being Well-prepared for interview (e.g., read minutes,
offered. generated ideas for County plan).
457 University has been good resource. Comments from references:
Selection committee noted NFP’s help with • SCC: Good fiduciary training; entire team
County’s NAGDCA awards. shows up at meetings; take minutes; great
Large company could be opportunity for cost relationship with Fidelity as recordkeeper
savings in extra endeavors. • CO Retirement: Strong partner on
As incumbent, NFP would not require ramp-up strategies
or transition. • Westminster, CO: Above and beyond! Very
good communications and presentations.
• Lakewood, CO (former client): Very helpful
to non-finance committee members. If
Finance Dept hadn’t changed consultants,
this trustee would not have left Innovest.
•

SUMMARY

Given all the above information collected during the RFP process, the selection committee
felt both of the NFP and Innovest of proposals were strong proposals that would meet the
DCAC’s consulting needs. Both are capable of helping the DCAC to meet its own fiduciary
duties and to help in the oversight of the program and the recordkeeping services.

In the end, the selection committee finds value both in retaining the incumbent, NFP—
known quantity and no transitions—and in bringing in the fresh set of eyes and ideas
represented by Innovest.

The selection committee wishes to discuss the RFP process and all of the information with
the full DCAC and to consider its perspectives.