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Rating:OppFunds Tailors 529 for Advisors Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 12, 2003

OppFunds Tailors 529 for Advisors

by: Sean Hanna, Editor in Chief

OppenheimerFunds has upped the number of investment options it offers inside New Mexico's ScholarsEdge 529 college savings plan. The New York City-based unit of MassMutual will add eight individual portfolios to the program, raising the total number of investment options to 16.

The new funds will come in A, B and C share flavors. The plan is sold through advisors and is administered by SSgA's Schoolhouse Capital unit.

Schoolhouse also enhanced the platform with new features. Advisors will be able to sell A shares at NAV to corporate clients and small business owners who offer the plan to employees through payroll deductions.

Advisors working with individuals will be able to place subsequent trades directly with the NSCC's Fund/SERV clearing platform. They will also be able to consolidate account information on their broker-dealer statements.  

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