Treasury contracts with an outside financial advisor, VTL Associates, to assist in achieving its investment objectives.

The financial advisor's responsibilities include:

  • Creating quarterly and annual reviews of investment performance;
  • Conducting investment manager searches and making recommendations regarding the selection, scope of responsibility, and discharge of investment managers;
  • Proposing benchmarks for managers under their purview for the Treasurer’s final decision;
  • Assisting in the development and periodic review of the Investment Policy;
  • Making recommendations for asset allocation plans and investment horizons; and
  • Monitoring and evaluating the performance of the investment managers.

VTL Associates

  • VTL Associates has served as an investment advisor to the Pennsylvania Treasury since 2004.
  • VTL Associates focuses on traditional equity and fixed income investments.
Finance Building - Harrisburg PA