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Commissioners approve change of pension broker-dealer to Cetera Wealth Services
Summary
The board approved a resolution to change the county's pension broker-dealer from Commonwealth Management to Cetera Wealth Services on a roll-call vote; pension plan investments were also reviewed that day.
A resolution to change the county's pension broker-dealer from Commonwealth Management to Cetera Wealth Services was presented by Jack Kasko and approved on a roll-call vote (Yes — Hodges, Wirtz, Hesche, Kelley, Shattuck, Frewen). The board also received a review of pension plan investments from Walkins Ross and Milestone during the same portion of the meeting.
The minutes record approval of the broker-dealer change by roll call; no dollar amounts, contract terms or transition timeline were included in the minutes. Follow-up on implementation and any contract documents would be handled by the county’s administration and the relevant retirement plan administrators.
