Putnam Investments is expanding its reach into the 529 college savings plan arena, after its 10-year partnership with Ohio Tuition Trust Authority comes to an end in October. Putnam is seeking new opportunities in the nationwide college savings marketplace, including new state partnerships and investment-only mandates, a spokesman from the firm said.

When the Ohio Tuition Trust Authority recently decided to scale back the Putnam College Advantage Plan, Putnam decided to extend its adviser-sold investment product lineup, sales infrastructure and program administration to the 529 space. The transition to the new program should be complete in October, the firm said.

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.