Arrive Education Savings Plan Expands to Offer Individual Mutual Fund Portfolios.Business Editors/Education Writers BOSTON--(BUSINESS WIRE)--Aug. 1, 2002 Schoolhouse Capital, Evergreen Investments Evergreen Investments is the brand name under which Wachovia Corporation conducts its investment management business. Wachovia Global Asset Management is the brand name under which Evergreen Investments conducts sales and distribution business outside of the United States. , Prudential Financial, and AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group SunAmerica Mutual Funds Market Innovative 529 College Savings Plan Partners of the Arrive(SM) Education Savings Plan, an innovative multi-manager 529 plan that helps investors maximize college savings for their children and grandchildren GRANDCHILDREN, domestic relations. The children of one's children. Sometimes these may claim bequests given in a will to children, though in general they can make no such claim. 6 Co. 16. , today announced the offering of Individual Mutual Fund portfolios, a series of 14 best-of-breed investment options available through the plan's distributors. With the addition of this offering, the Arrive 529 plan now offers a total of 23 investment options spanning the asset class spectrum. First introduced in January 2002, the Arrive Education Savings Plan offers investors a highly flexible, tax-advantaged savings vehicle that can be used to pay for college tuition The examples and perspective in this article may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. College tuition , books, room and board and other qualified expenses at any accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. college nationwide. Sponsored by The Education Trust Board of New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Arrive is managed by Schoolhouse Capital, a subsidiary of State Street Corporation, and is distributed by Evergreen Investments, Prudential Financial, and AIG SunAmerica Capital Services. The fourteen investment offerings in the Individual Mutual Fund Portfolio Option feature Large Cap, Mid/Multi-Cap, Small Cap, International, and Fixed Income portfolios. In addition to investment management from Evergreen Investments, Prudential Financial and AIG SunAmerica Mutual Funds, the Arrive Education Savings Plan also incorporates investment management from a number of other well-known firms including Jennison Associates, Marsico Capital Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Harris Associates L.P./Oakmark Funds, Janus Capital Management, Thornburg Investment Management, Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. Asset Management, Pilgrim Baxter & Associates, Bank of Ireland This article is about the commercial banking company Bank of Ireland. For the central bank of the Republic of Ireland, see Central Bank of Ireland. The Bank of Ireland (Irish: Banc na hÉireann Asset Management, and State Street Global Advisors. Each firm contributes a number of funds to the program selected by a team of investment management specialists on the basis of fundamental and quantitative style characteristics, return and risk characteristics. The portfolios are consistently monitored to assure optimal performance against their mandate. "The Individual Mutual Fund Portfolio Option allows investors, with the help of their financial advisor, to custom-design an investment strategy that is most appropriate for their needs," said Ralph Constantino, Chief Executive Officer of Schoolhouse Capital, manager of the Arrive plan. "The new mutual fund options draw upon the powerful investment management capabilities of the firms that we've partnered with, along with a series of sub-advisors. This level of diversification is unsurpassed in the 529 market today." With the addition of Individual Mutual Fund Portfolio Options, the Arrive plan now offers three unique tiers of investment flexibility: an Age-Based Portfolio Option which automatically "graduates" over time to different portfolio strategies based on their beneficiary's age; a Custom Choice Portfolio Option which provides an opportunity to invest in a combination of eight portfolios that are balanced based on market conditions to maintain their target allocations; the new Individual Mutual Fund Portfolio Option which offers maximum flexibility to investors; or any combination of the three. "Arrive's broad range of investment choice enables clients to create a personalized savings plans suitable to their own tolerance for risk and time horizon. In addition, plan investment earnings can grow on a tax-advantaged basis further enabling investors to combat the rising cost of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. ," said Bill Ennis, President and Chief Executive Officer of Evergreen Investments. "The advent of 529 plans is the greatest opportunity for investors to control their own financial destiny since the invention of the 401k." "The ability to grow plan investment earnings on a federal-tax deferred basis, with a variety of leading financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies, multi-share class pricing, no income limitations, a high maximum contribution limit and low investment minimums makes Arrive a very attractive college savings plan(1)," said David Odenath, President, Prudential Investments, a unit of Prudential Financial, Inc. (NYSE NYSE See: New York Stock Exchange :PRU PRU Prudential Financial PRU Pupil Referral Unit PRU Photographic Reconnaissance Unit PRU Potomac Rugby Union (Washington, DC) PRU Provincial Reconnaissance Unit PRU Projets de Rénovation Urbaine PRU Pruhonice ). Evergreen Investments and AIG SunAmerica Capital Services will join Prudential Financial in offering the Arrive plan to its investors. J. Steven Neamtz, Executive Vice President of AIG SunAmerica Mutual Funds remarked, "Through this unique and innovative partnership, we are providing investors with one of the most flexible education savings plans available today. This state-of-the-art program design, combined with our versatile pricing matrix, make the Arrive plan a very attractive product for investors and advisors." Potential clients and interested advisors can access information about the Arrive 529 plan through the distributors' Web sites or through the plan Web site at www.arrive529.com. The Arrive Education Savings Plan is an IRC (Internet Relay Chat) Computer conferencing on the Internet. There are hundreds of IRC channels on numerous subjects that are hosted on IRC servers around the world. After joining a channel, your messages are broadcast to everyone listening to that channel. Section 529 Trust available to all U.S. residents and sponsored by The Education Trust Board of New Mexico. Arrive is distributed by Evergreen Investment Services, Inc., Prudential Investment Management Services, LLC and AIG SunAmerica Capital Services. Schoolhouse Capital, LLC, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of State Street Corporation, is the program manager for Arrive. Please read disclosure documents and mutual fund prospectuses, available at www.arrive529.com or by calling 1-877-ARRIVE8 (1-877-277-4838), prior to investing. About Schoolhouse Capital Schoolhouse Capital, LLC, Boston, Mass., a subsidiary of State Street Corporation, was initiated by State Street Global Advisors (SSgA) to provide integrated financial solutions to the education marketplace including colleges and universities, parents, students and families, and endowments and foundations About State Street Corporation State Street Corporation (NYSE: STT STT State Street Corporation (stock symbol) STT Suomen Tietotoimisto (Finnish National News Agency) STT Secure Transaction Technology STT Surface Tension Transfer (welding) ) is the world's leading specialist in providing sophisticated global investors with investment servicing and investment management. With $6.2 trillion in assets under custody and $770 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , State Street is headquartered in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New and operates in 22 countries and over 100 markets worldwide. For more information, visit State Street's web site at www.statestreet.com. About AIG SunAmerica Mutual Funds AIG SunAmerica Mutual Funds has earned strong brand recognition within the financial community both as a pioneer of the multi-managed focused portfolio concept and as advisor to a platform of mutual funds featuring best-of-breed investment managers. New York-based AIG SunAmerica Mutual Funds manages and/or administers $32 billion of assets including $9 billion in a total of 41 mutual funds. For more information, visit www.sunamericafunds.com About Evergreen Investments Evergreen Investments is the brand name under which Wachovia Corporation (NYSE: WB) conducts its investment management business and is a leading asset management firm serving more than four million individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. through a broad range of investment products. Led by 350 investment professionals, Evergreen Investments strives to meet client investment objectives through disciplined, team-based asset management. Today, Evergreen Investments manages more than $218 billion in assets. About Prudential Financial Prudential Financial companies, with approximately $580 billion in total assets under management and administration as of March 31, 2002, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. These companies offer a variety of products and services, including life insurance, property and casualty insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, banking and trust services, real estate brokerage franchises and relocation services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. . For more information, visit www.prudential.com. (1) The tax law exempting earnings on qualified withdrawals from federal income tax expires on 12/31/10, requiring Congress to take further action to secure these provisions prior to this date in order for them to remain in effect. For withdrawals not used to pay for qualified higher education expenses Qualified Higher Education Expense Expenses such as tuition and tuition related expenses that an individual, spouse, or child must pay to an eligible post-secondary institution. , earnings are subject to income taxes at the account owner's rate plus a 10% federal tax penalty. Please consult your tax advisor with any questions. |
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