This is AIMs third 529 plan partnership. It manages and distributes products offered through Maines and Alaskas 529 plans, David Bachert, a company spokesman, said.
Under the Nebraska plan AIM will distribute, service and manage four investment options including a fixed, balanced, growth and aggressive portfolio. The plan will allow investors to direct their investments themselves or enroll in an age-based investment option that shifts assets to more conservative portfolios as the beneficiary reaches college-age.
AIMs program is expected to be launched Nov. 1.
