CollegeAdvantage Receives a “Silver” Rating From Morningstar
“We believe we offer the very best college savings and investment opportunities in the country,” said
Each year Morningstar rates 529 college savings plan. The plans were rated based on the quality of the portfolio of investments options, investment options’ performance, skill of the options’ managers, stewardship practices of the 529 plan’s program manager and costs associates with the plan. In 2012 Morningstar changed its rating system to use a “Five Pillar System” similar to the way it ranks mutual funds.
- People: Are the managers and researcher directing the plan’s investments skilled and well-supported?
- Process: Are the age-based options based on solid research and implanted well? Are the strategies sensible and past successes likely to be repeated?
- Parent: Is the program manager a good caretaker of college saver’s capital? Is the state managing the plan professionally?
- Performance: Has the plan delivered strong risk-adjusted performance, and will it continue?
- Price: Are the investment options a good value, and do state tax benefits defray costs?
Ohio’s 529 Plans — Direct and Advisor — have met or exceeded Morningstar’ expectations on these components. The rating system groups 529 plans as Gold, Silver, Bronze, Neutral or Negative.
CollegeAdvantage’s Silver rating, according to Morningstar, indicates a plan with many industry best practices. This year Morningstar rated 84 529 college savings plans. According to Morningstar…” CollegeAdvantage Direct 529 Plan offers a variety of investment choices to suit a wide range of preference, and fees are competitive and the 2018 state tax deduction increase to
Morningstar upgraded CollegeAdvantage Advisor 529 Plan, administered by BlackRock. According to the analyst’s report, BlackRock “made a number of improvements during the last year. It cut fees meaningfully, with expenses for the age-based portfolios falling by 17 basis points on average. Moreover, in
About the
View source version on businesswire.com: http://www.businesswire.com/news/home/20171031006405/en/
Judy Cunningham, PR Manager, 614-752-9350
[email protected]
Source:
Will Congress Slash Contribution Limits to the Self-Directed Solo 401k?
Comparing Car Insurance Quotes Can Help You Save 50%
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News