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

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

Rating:New 529 Contract Awarded Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 31, 2002

New 529 Contract Awarded

by: Tony Pennino

The District of Columbia's 529 College Savings Program has tapped Calvert to manage the plan, a spokesperson with the firm told the MutualFundWire.com. The program will be available starting in late autumn.

"Calvert provides broad distribution capabilities through its nationwide network of wholesalers and financial professionals. Forming this partnership with Calvert will allow the District to reach and serve Americans all over the country," stated N. Anthony Calhoun, treasurer for the District of Columbia. The announcement was first made today at a press conference given by Anthony Williams, the city's mayor.

Investors in the district's 529 plan will be able to choose between individual funds and five aged-based portfolios. Both proprietary and non-proprietary funds will be offered; the details on this have not yet been worked out yet. Calvert currently provides two fund options for the Pennsylvania 529 plan. Nonetheless, this decision represents the first time Calvert will solely manage a 529.

The plan will be available across the nation. But Calvert will be focused on marketing efforts in the nation's capital as well. The firm's executives plan to advertise in local newspapers. They will also work to make appearances on local radio shows to promote the benefits of the 529 plan.

For more information about the service, you can follow this link

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

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
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. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use