Impact of BoA, Fleet merger on 529s

Bank of America's announced plans to acquire FleetBoston is raising some questions about the impact of such a merger on the companies' activities in the 529 space.

Bank of America currently acts as program and investment manager for the Future Scholar 529 program in South Carolina. FleetBoston's Columbia Management Group distributes the Nevada-sponsored Columbia 529 Plan and will soon be launching another 529 plan through its partnership with Upromise in New York.
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