State Street Investments' 529 college savings business, Schoolhouse Capital, has partnered with OppenheimerFunds on its 529 plan and will begin distributing the plan through OppenheimerFunds' Distributor network later this year, the companies announced last week. The plan will feature investment products from both firms.

Schoolhouse Capital currently administers New Mexico's 529 college savings plan and distributes it to retail investors directly through E*Trade and employer work sites.

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