Bringing you live news and features since 2006 

SSgA launches Upromise 529 Plan

RELATED TOPICS​

State Street Global Advisors (SSgA) has launched the SSgA Upromise 529 Plan, marking a new arrangement with the State of Nevada and Upromise Investments, Inc. Designed to lower costs and simplify investment choices, the SSgA Upromise 529 Plan features innovative investment strategies that will be implemented using State Street’s SPDR exchange traded funds (ETFs).

"We’re excited to partner with Nevada and Upromise Investments, Inc to offer SPDR ETF investments to American families looking to enhance their college savings strategies," says James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. "The SSgA Upromise 529 Plan combines the benefits of State Street’s institutional asset management with SPDR ETFs to offer advisors and investors innovative college savings solutions at significantly lower costs."

Nevada’s direct-sold Upromise College Fund 529 Plan has been re-named the SSgA Upromise 529 Plan, and will continue to be direct-sold as well as now available through fee-based Registered Investment Advisors. The plan now includes new portfolio options managed by SSgA’s Investment Solutions Group, a dedicated team of investment professionals who develop customised solutions tailored to specific needs. The group specialises in managing and advising investors on asset allocation, risk management, portfolio construction and plan implementation. Upromise Investments, Inc., a leading administrator of 529 college savings plans, will remain as the program manager.

"Closing the college savings gap and securing a better future for the next generation requires a team effort," says Nevada State Treasurer Kate Marshall. "We’re excited to bring State Street’s sophisticated institutional investment management expertise and industry leading SPDR ETFs to families saving for college through the SSgA Upromise 529 Plan."
 

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by