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Wednesday, August 20, 2008

Ohio Ads Second 529 Asset Protection Colledge Plan

Ohio to add a second advisor 529 plan

(August 6, 2008) - The Ohio Tuition Trust Authority has announced that a second advisor-sold 529 savings program will be launched in 2009 to offer a multi-manager investment platform. The state's current advisor-sold plan, Putnam CollegeAdvantage, is managed by Putnam Investments and features the exclusive use of Putnam mutual funds.

The OTTA also announced that additional fund options are expected to be added to the state's direct-sold 529 savings program, Ohio CollegeAdvantage, in 2009.

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