Franklin Templeton Investments of San Mateo, Calif. and Mercury Funds of New York have formed a partnership in which Franklin Templeton will distribute one of Mercury Funds’ 529 college savings plans, the two firms announced yesterday.

The deal will allow Franklin Templeton to include different investment options in the plan and will give the plan distribution through Franklin Templeton’s national distribution network of broker-dealers, banks and insurance companies, according to a statement.

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