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Stone Park pension board to move investments from Equitable to Shields Capital Advisor; member cites 7% average growth
Summary
Trustee Marco Paz reported the Village Employee Pension Board is moving its account from Equitable (LPL Financials) to Shields Capital Advisor (dba Integrated Advisors Network); board member Jack Giuffre said ten-year growth averaged 7% and a finalized financial report will be provided when available.
Trustee Marco T. Paz told the committee on July 22 that the Village Employee Pension Board is transitioning its account from Equitable (LPL Financials) to Shields Capital Advisor, a dba of Integrated Advisors Network.
Jack Giuffre, a member of the Village Employee Pension Board, said the pension’s growth has averaged about 7% over the past ten years. Paz said a finalized financial report will be provided to the Village Board when it is available.
The minutes record the manager change and the promise of a written report but do not show a final vote or additional performance detail such as fees, asset allocation, or a precise transfer timeline. The committee did not record objections or alternative proposals in these minutes.
Next step: trustees will receive the finalized financial report when available; further action is implied but not recorded in the committee minutes.
