Specifications include, but are not limited to: The Achieving a Better Life Experience Act Board (“ABLE Act Board”, “Board”, or the “State”) is the administrator of California’s 529A Qualified ABLE Program as defined in Welfare and Institutions Code section 4875(k) (“ABLE Program” or “Program”), and the State agency responsible for the effective and efficient administration of the California ABLE Program Trust (“Trust”). A qualified investment consultant is needed to assist the Board in its role as fiduciaries to the Trust. The investment consultant will assist the Board with (i) creating the statement of investment policy and monitoring criteria for the Trust, (ii) evaluating program manager and investment manager proposals, and (iii) monitoring the investment performance of the program manager(s). More information about the Act can be found online at www.treasurer.ca.gov/able. The Board anticipates the Program will be implemented in 2018. The 529A investment consultant will assist the Board in fulfilling its fiduciary duties to the Trust, which includes the following: The Contractor will, under the direction of the Board or its designee, analyze and evaluate asset allocation plans for the Trust based on the expected use of accounts by eligible beneficiaries as well as risk reduction. The Contractor will create and regularly review an investment policy statement and monitoring procedures. As needed, the Contractor will participate in the development of request for proposals and the subsequent selection processes as subject matter expert to procure various program services, such as an investment manager and program administrator. The Contractor will advise the Board or its designee on which data should be reported quarterly by the program and/or investment manager(s). The Contractor will review and analyze the investment performance of the program and/or investment manager(s) of the Trust using criteria adopted by the Board; the Contractor will periodically perform additional evaluations comparing Program investment performance and fees to the performance of national and/or other state 529A plans. The Contractor will conduct monthly monitoring and provide quarterly evaluations of the Trust that compare monthly investment results to appropriate indices and Board policies, including compliance by the program manager(s) to these policies, and provide evaluations to the Board or its designee within 10 business days of receiving the data from the program manager(s).