Pennsylvania has selected Vanguard and Upromise to replace Delaware Investments as manager and recordkeeper, respectively, of its 529 college savings plan.

Vanguard currently offers investment options in 18 529 plans across the nation.

"Vanguard is a trusted Pennsylvania brand with a reputation for integrity," said Pennsylvania State Treasurer Robert P. Casey, Jr. "Vanguard's investment performance, superior service and low costs, combined with Upromise's technical expertise and dedication to helping families save for college, will help make Pennsylvania's new 529 Direct Investment Plan among the very best in the country."

(c) 2006 Money Management Executive and SourceMedia, Inc. All Rights Reserved.

http://www.mmexecutive.com http://www.sourcemedia.com

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.