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Treasurer brings proposal to hire investment adviser; IAC to vote next week
Summary
An SEC-registered investment adviser, METER Investments, presented a plan to manage Trumbull County’s longer-term securities; the Investment Advisory Council will consider a vote at a special meeting next Wednesday.
County officials heard a presentation from METER Investments on a proposal for professional investment-advisory services to manage Trumbull County’s portfolio and consolidate securities into a third-party custody account.
METER representative Jim McCord described services the firm provides to public entities, citing experience managing public funds and an SEC-registered fiduciary role. The presentation outlined a strategy to move a larger portion of the county’s investable assets into a diversified securities portfolio…
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