The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Ohio Tuition Program Taps Putnam Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, July 11, 2000

Ohio Tuition Program Taps Putnam

Reported by Sean Hanna, Editor in Chief

The Ohio Tuition Trust Authority has selected of Putnam Investments as the investment manager for the new Ohio College Savings Program. Putnam won the business after the Tuition Trust conducted a nationwide search for an investment management firm to manage the funds. An important criterion for the winner was that it also be able to manage and administer the program and provide marketing support.

More than 35 investment firms who were asked to submit proposals, including 12 Ohio firms. Seven firms submitted proposals to the Tuition Trust. Putnam will take over the new plan and the Ohio Prepaid Tuition Program this fall.

Putnam Investments won the mandate based on several key criteria including its position in the mutual fund industry, value to Ohio families through competitive investment returns and affordable fee structure, extensive distribution network in Ohio, and commitment to superior customer education and service, according to the Tuition Trust.

"We knew the selection process would be challenging, but we were determined to select a firm that would offer the best possible investment products and value for Ohio families. Putnam clearly demonstrated that they are committed to providing Ohioans with a premier college saving program. We are truly excited about the opportunity to work with Putnam to offer Ohioans yet another tax-advantaged college savings product," said Jackie Williams, Executive Director of the Ohio Tuition Trust Authority.

The plan was created by Ohio Senate Bill 161 which provided for the Tuition Trust to complement the existing Ohio Prepaid Tuition Program.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use