NU Online News Service, July 24, 2003, 2:36 p.m. EDT – The Hartford Financial Services Group Inc., Hartford, has started marketing a new, multi-manager 529 college savings plan, the Cornerstone SMART529 plan, through Edward Jones Inc., St. Louis, a retail brokerage with 8,000 investment representatives.
The West Virginia College Prepaid Tuition and Savings Program is the program’s official parent.
The Cornerstone 529 plan offers 22 investment fund options. The fund managers are The American Funds Group, Federated Investment Management Company, Franklin Templeton Investments, Goldman Sachs & Company, Hartford Investment Management Company, INVESCO Institutional (N.A.) Inc., Lord Abbett, MFS Investments, Putnam Investments, Van Kampen Investments and Wellington Management Company L.L.P.