"CollegeSense is designed for investors working with financial advisors It includes a multi-manager investment platform, flexibility in investment selection, and cutting-edge program features and technology," said Brian Lee, CEO of NYLIM Retail Markets, in a statement.
CollegeSense offers five age-based asset allocation portfolios ranging from aggressive to conservative, as well as equity, bond, and short-term yield portfolios. Underlying funds include three Mainstay and one Eclipse fund, four SSgA funds, and two JP Morgan offerings.