OppenheimerFunds will offer a qualified 529 program targeted to investment advisers. Called Scholar’s Edge, the program will be managed by State Street Corp. subsidiary Schoolhouse Capital LCC and will offer funds from both State Street and OppenheimerFunds.

"This multimanager platform, along with its custom choice investment design, offers distinct benefits not available through other 529 savings vehicles," said Raquel Granahan, VP and product manager at OppenheimerFunds.

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