The Chicago office will extend the geographic scope of ACG’s institutional investment consulting for employer-sponsored retirement plans, endowments and foundations, and Native American tribal trusts, as well as its institutional fixed-income investment management services, which includes customized corporate cash management and bank/insurance company portfolio management.
ACG also announced David Schmidt will oversee its Chicago operations. An industry veteran with firms such as TIAA-CREF, Valic, ING and Morgan Stanley, Schmidt has been a managing consultant serving both public and private institutional clients throughout Illinois, Wisconsin and Iowa. He has provided retirement plan sponsors of 403(b), 457 and 401(a) plans with plan consulting, compliance, benefit administration, plan design, employee education and communication services.
In addition to his professional interest in financial services and retirement planning, Schmidt’s civic involvement includes elected positions held at the local level in Cook County as Township Committeeman, Township Trustee and Village Trustee. His appointed positions were held at the state level in Springfield as a Public Member of the State Board of Financial and Professional Regulation and the Chair of the Investment Advisory Committee to the Illinois Public Pension Division.
“Using the successful development of our diverse offerings of institutional fee-only investment consulting and investment management as our base, we look forward to sharing our solutions with a broader audience,” says Charles Langowski, president and CEO of ACG. “By outsourcing retirement plan governance, oversight and education to ACG, plan sponsors get the experience and resources of a nationally recognized investment advisory firm.”