Schoolhouse Capital currently administers New Mexicos 529 college savings plan and distributes it to retail investors directly through
Earlier this summer, Schoolhouse added A shares to its college savings plan to encourage advisor sales. The shares carry a front-end load of 3.5% and a 25 basis point trailer for brokers. A Schoolhouse spokeswoman declined to comment on how much in assets Schoolhouse Capital has under management.
Schoolhouse Capitals 529 plan offers two different investment options. An age-based option has five different investment portfolios and automatically reallocates assets from aggressive to conservative portfolios as the beneficiary approaches the age at which they will likely attend college. A self-directed option provides eight different investment portfolios.
The existing portfolios are funds of funds based on nine products provided by