The Hartford SMART529 college savings plan offered by West Virginia has added a new investment option.

The change was announced by Hartford Financial Services Group Inc., which manages the plan for the West Virginia College Prepaid Tuition and Savings Program Board of Trustees.

The new option is a Checks and Balances investment fund, designed for investors who are seeking a moderately aggressive return, Hartford says. Checks and Balances is invested two thirds in equities and one third in bonds.

SMART529 has over 100,000 accounts and $1.1 billion of assets under management, Hartford says.