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Monday, June 24, 2002

529 Gumbo

by: Tony Pennino

Just when you thought there could be no more 529 RFPs, another one rears its head. The latest to do so is the State of Louisiana, Joe Hurley, ceo for savingforcollege.com, confirmed for the MutualFundWire.com.

The trick about Louisiana's search is that it is not for full services. The state is looking for a manager to oversee its equity option, Hurley reported. It is also seeking marketing services.

"There is a lot of opportunity in the 529 space. The search for full services may be rare, but states are going to be more and more likely to be issuing RFPs for parts of programs. They may want multiple manager programs," the executive contended. 

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