Four firms have partnered together to offer Arrive, a new 529 college savings plan. The four firms are Evergreen Investment Services, Prudential, State Street (through its Schoolhouse Capital unit), and SunAmerica Capital.

Evergreen, Prudential, and SunAmerica will distribute Arrive and provide investment management services, a spokesperson with Pru told the MutualFundWire.com. Schoolhouse Capital will oversee program management and administrative services.

New Mexico sponsors Arrive.

Investors will have a choice of two investment options: an age-based portfolio an a custom choice portfolio. There are five age-based portfolios with risk tolerance determined by the age of the beneficiary. Investors and clients can create a customized portfolio based on eight different options. Those options include the five age-based portfolios as well as the equity funds portfolio, the fixed income portfolio, and the capital preservation portfolio.

The spokesperson added that Evergreen, Prudential, and SunAmerica were all going to be marketing Arrive to their separate client bases. The product is branded under the Arrive name. 

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