The Future Scholar 529 Plan may offer these valuable benefits: n Wide-ranging, multi-managed investment lineup using many well-known investment managers n Favorable gift and estate tax benefits We also compare the asset-based expense attributable to program manager and administrator fees, because these represent the additional costs of using the 529 plan over and above the costs of investing directly in the plan's underlying investments. In Savingforcollege.com's latest quarterly rankings, this plan ranked in the top 10 for 1-year, 3-year, 5-year and/or 10-year performance. Wade Hampton Building Follow us on Twitter. Closed-End Funds. Tri-Continental Corporation. About Columbia Threadneedle Investments: Columbia Threadneedle Investments is a leading global asset manager that provides a broad range of investment strategies and solutions for individual, institutional and corporate clients around the world. No one likes unpleasant surprises, and here we look for the warning signs. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans. If it has any significant weaknesses then it also has some particularly good things to recommend it. ... Overnight mail (South Carolina’s Plan) Future Scholar 529 College Savings Plan c/o DST Asset Manager solutions, Inc. 430 W 7th Street, STE 219812 Kansas City, MO 64105-1407. All Rights Reserved, Future Scholar 529 College Savings Plan (Advisor-sold), The fee score is derived from the analysis of costs done as part of Savingforcollege.com's 5-Cap Rating. Columbia Threadneedle Investments is the global asset management group of Ameriprise Financial, Inc. (NYSE: AMP). BOSTON--(BUSINESS WIRE)--Columbia Threadneedle Investments today announced that it has reached an agreement with the South Carolina Office of the State Treasurer to extend its current contract to provide program administration, investment management and distribution services for the state’s Future Scholar 529 College Savings Plan. This is a program that offers outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. About Columbia Threadneedle Investments: And we also penalize plans offering a menu of investment options that you can find in a different 529 plan but at a lower cost. The direct-sold plan has a top rating of five caps (out of five) from savingforcollege.com1 and the advisor-sold plan is ranked in the top 10 for 1-, 3-, 5- and 10-year performance2. The latest articles and tips to help parents stay on track with saving and paying for college, delivered to your inbox every week. Application used to establish a Future Scholar 529 College Savings Plan Account. 1 Savingforcollege.com 5-Cap Ratings; based on data as of December 31, 2018. It offers investment options from Columbia and Vanguard and a $426,000 contribution limit. Past performance is not a guarantee of future results. Includes all assets managed by entities in the Columbia and Threadneedle group of companies. Find contact information for Columbia Threadneedle Investments. The Resident 5-Cap Rating may be higher than the Non-Resident 5-Cap Rating if the 529 plan or the state offering it provides special benefits to residents of the state. Our global investment capability draws on our culture of real collaboration, where experts challenge and debate their best ideas to make better decisions, leading to better outcomes for you and your clients. For the past 18 years, Columbia Threadneedle and its legacy firms have served as program manager for the Future Scholar 529 College Savings Plan, which now serves more than 170,000 investors and their beneficiaries nationwide, including accounts in every U.S. state. *In U.S. dollars as of June, 30 2020. Each plan's performance score is developed directly from Savingforcollege.com's Quarterly 529 Performance Rankings. We also adjust for plans that charge on enrollment fee and/or annual account management fee. Columbia Threadneedle Investments today announced that it has reached an agreement with the South Carolina Office of the State Treasurer to extend its current contract to provide program administration, investment management and distribution services for the state’s Future Scholar 529 College Savings Plan. Phone: 803.734.2101, © 2020 South Carolina Office of State Treasurer, Policies The Office of State Treasurer of South Carolina (the State Treasurer) administers the program and has selected Columbia Management Investment Advisers, LLC and Columbia Management Investment Distributors, Inc. (Columbia Management) as program manager. A practical guide with tips and tools to help financial advisors leverage 529 plans in their practice. Our highly rated 529 college savings program continues to provide numerous benefits such as tax advantages, investment options and flexibility of use that enable families to save for their loved ones’ future. Based in Boston, London, Minneapolis, Singapore, New York, Chicago, Portland and other US locations. Knowing this helps us better customize your experience, Knowing this helps us better customize your experience and offer better recommendations, Already have a Savingforcollege.com account?Log In, I want to learn more about college savings, I want to connect and monitor my 529 plan, Track your child’s 529 plan growth and performance, Notifications to help you better manage your child’s 529 plan, Tips on how to accelerate the growth of your child’s 529 plan. Columbia Management Investment Distributors, Inc., member FINRA, is the distributor and underwriter for the Future Scholar 529 College Savings Plan Financial Advisor Program. Columbia Threadneedle Investments. What extra features does it provide for the benefit of its participants? If you use a mail filtering tool make sure you allow email from support@savingforcollege.com prior to submitting the request. For the past 18 years, Columbia Threadneedle and its legacy firms have served as program manager for the Future Scholar 529 College Savings Plan, … Although sharing the same program name, the advisor-sold Future Scholar is significantly different from South Carolina's direct-sold Future Scholar, using actively-managed funds and index funds. To find a financial advisor in your area, use the Directory of Financial Professionals. “This contract extension underscores our ongoing commitment to providing a comprehensive solution that will help investors in South Carolina and across the nation efficiently save for future educational expenses.”, “The Future Scholar 529 Plan continues to be recognized as one of the top education savings programs in the country, with consistent performance, low fees and investor-friendly attributes,” said Curtis Loftis, State Treasurer of South Carolina. With more than 2,000 people, including over 450 investment professionals based in North America, Europe and Asia, we manage $459 billion3 of assets across developed and emerging market equities, fixed income, asset allocation solutions and alternatives. South Carolina's 529 college savings plan is called Future Scholar. Accessibility, Columbia Threadneedle Extends Contract with Future Scholar 529 Plan, Local Government Investment Forms and Policies, South Carolina Enterprise Information System (SCEIS), South Carolina Association of Auditors, Treasurers and Tax Collectors (SCATT), National Association of State Auditors, Comptrollers & Treasurers, National Association of Unclaimed Property Administrators, columbiathreadneedleus.com/investment-products/529-plans/, Columbia Threadneedle Investments Extends Contract as Manager for South Carolina’s Future Scholar 529 Plan. Columbia Management and its affiliates are responsible for providing certain administrative, recordkeeping and investment services, and for the marketing of the program. Contact your financial advisor or visit columbiathreadneedle.com/us for an Advisor Plan program description or visit futurescholar.com for a Direct Plan program description, which contains this and other important information about the Future Scholar 529 College Savings Plan. The Future Scholar 529 College Savings Plan is only available to residents of South Carolina. The Future Scholar 529 College Savings Plan has $4 billion in assets and 173,000 accounts as of as of June 30, 2019. Columbia Management is not affiliated with the State Treasurer. ... Future Scholar 529 Plan does not share with non-affiliates so they can market to you. These benefits might consist of a state tax deduction or credit for contributions to the plan that are not available for contributions to an out-of-state 529 plan; a matching contribution program; a break on fees and expenses; an advantage in computing eligibility for state-funded financial aid programs; or any other potentially valuable advantage. ©2020 Ameriprise Financial, Inc. All rights reserved. Our priority. The advisor-sold plan offers a multi-managed investment line-up from over 10 leading asset managers, joint ownership, rollovers from other 529 plans at net asset value, and flexible and low-cost share classes. Past performance is not a guarantee of future results. You should also consider, before investing, whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. 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