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R2015-126 AUTHORIZING A PROFESSIONAL SERVICE AGREEMENT Cliftonlarsonallen Wealth Advisors, LLC
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R2015-126 AUTHORIZING A PROFESSIONAL SERVICE AGREEMENT Cliftonlarsonallen Wealth Advisors, LLC
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Last modified
11/20/2015 11:01:09 AM
Creation date
11/20/2015 11:01:07 AM
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Resolution/Ordinance
Res Ord Num
R2015-126
Res Ord Title
AUTHORIZING CITY MANAGER TO EXECUTE A PROFESSIONAL SERVICE AGREEMENT WITH CLIFTONLARSONALLEN WEALTH ADVISORS, LLC TO CONDUCT AN INDEPENDENT FIDUCIARY PERFORMANCE REVIEW OF THE POLICE PENSION FUND INVESTMENT ADVISOR
Department
Finance
Approved Date
11/16/2015
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���-`-��CliftonLarsonAtlen <br /> ���',�Mv A-. <br /> '�:�•"�� WEALTH ADVISORS <br /> � Engagement Letter for Investment Monitoring and <br /> Consulting Services for <br /> City of Decatur <br /> CONSULTING SERVICE AGREEMENT <br /> This agreement("Agreement"j is made on this 9th day of November,2015, between City of Decatur <br /> ("Client", "Clients", "you",or"your")and CliftonLarsonAllen Weaith Advisors, LLC,("CLA Wealth <br /> Advisors", "we",or"our"),for CLA Wealth Advisors' investment consulting services. <br /> PURPOSE OF SERVICES <br /> Clients agree to retain CLA Wealth Advisors to assist them by providing certain consulting services as <br /> described in this Agreement(the"Services"),and CLA Wealth Advisors agrees to perform the Senrices <br /> under the conditions set forth in this Agreement. It is expressly understood that CLA Wealth Advisors <br /> and any employees, subcontractors or agents of CLA Wealth Advisors are independent contractors and <br /> not employees of The Clients. <br /> Since CLA Wealth Advisors is not an employee or partner of Clients, CLA Wealth Advisors will not have 'I <br /> the authority to sign any correspondence, reports,tax returns or any other deliverables on behalf of the ' <br /> Clients. Furthermore,CLA Wealth Advisors must receive approval from the Clients before commencing <br /> the Services and must also receive approval from the Clients before initiating contact with any third <br /> party on behalf of the Clients. <br /> SCOPE OF SERVICES <br /> Deliver one report for the City of Decatur Police Pension Plan: <br /> 1) Review Account Performance <br /> • Gather performance data from managers <br /> • Review manager benchmarks <br /> • Calculate/evaluate manager performance statistics <br /> • Review/comment on manager's most recent quarterly reports <br /> • Provide a reasonable forward-looking return expectation <br /> 2) Document and review manager fees <br /> 3) Review the current asset allocation within the context of the relevant state statutes <br /> • Client will provide the relevant state statutes <br /> t02013 Cliknn��r�--^�'- '•- <br /> CLAconnect.com/privatecl ient <br />
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