Legg Mason Wood Walker Inc. has started a 529 college savings plan.

The Legg Mason Core4College plan is available through the firm’s financial advisers nationally, the company said Monday. It offers 15 investment portfolios – four age-based models and 11 mutual funds.

The Core4College plan offers one of the highest contribution limits in the industry, $305,000 per beneficiary. The Legg Mason product is sponsored through South Dakota, one of the last states to launch a 529 college savings program.

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