Texas and OppenheimerFunds ready new 529 plans
Texas Comptroller Susan Combs and OppenheimerFunds have set November 19, 2007 as the launch date for the direct-sold Texas College Savings Plan and the adviser-sold LoneStar 529 Plan. The new program manager is OppenheimerFunds subsidiary OFI Private Investments Inc. (OFIPI).
OFIPI will take over $200 million and 20,000 account holders from the existing Texas 529 plan. The investment firm also manages 529 plans in New Mexico, Oregon, and Illinois.
For more information, click hereReturn to 529 News centerOFIPI will take over $200 million and 20,000 account holders from the existing Texas 529 plan. The investment firm also manages 529 plans in New Mexico, Oregon, and Illinois.