The Board of Trustees shall appoint an Investment Advisory Committee (IAC) for the purpose of providing sophisticated, objective
and prudent investment advice for all investments of the Richmond Retirement System (RRS). The committee shall consist of eight
members and the city's Director of Finance as an ex-officio member. At least three members shall be trustees of the RRS and the
other members shall be outside investment professionals. Each Trustee shall be eligible to serve on the IAC. However, other
members must demonstrate extensive experience in a number of the asset classes of the RRS fund.
The members so appointed shall serve for a term of three years. The IAC members shall select from among themselves a chairman and
vice chairman. The chairman and vice chairman must be selected from the three board members appointed to the IAC who shall serve
for a term of one year and shall also be eligible for subsequent reappointments.
Kenneth N. Daniels, PH.D., Chairman
RRS Board of Trustees Member
Ronald L. Tillett, Vice Chairman
RRS Board of Trustees Member
Donald A. Steinbrugge, CFA
Managing Member
Agecroft Partners, LLC
Michael Hultzapple, CPA
CFA Managing Director
Alpha Performance Verification Services
Gregory A. Schnitzler
Managing Partner
Ascential Equity LLC
Basil L. Hurst
Managing Director
Plural Investments, LLC
W. Massie Meredith, Jr.
Family Wealth Advisors, LLC
Philip R. Langham,
Executive Director
Richmond Retirement System
