New Mexico to consolidate adviser-sold 529s
OFI Private Investors will continue as program manager of Scholar'sEdge. OFI is a subsidiary of OppenheimerFunds, Inc. and is also manager of New Mexico's direct-sold 529 plan, The Education Plan.
Evergreen Investments, manager of CollegeSense, will no longer be a 529 program manager. However, the distributor of CollegeSense, New York Life Investment Management LLC (NYLIM), will have mutual funds from its MainStay Investments group added to Scholar'sEdge.