Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Schoolhouse Inks Web Distribution Pact Not Rated 4.0 Email Routing List Email & Route  Print Print
Thursday, January 02, 2003

Schoolhouse Inks Web Distribution Pact

by: Sean Hanna, Editor in Chief

Schoolhouse Capital, the State Street unit dedicated to the 529 college savings plan market, has inked a distribution pact with Harrisdirect for its Education Plan. The plan is sponsored by the State of New Mexico and administered by State Street.

Harrisdirect (formerly known as both CSFB Direct and DLJ Direct) will market State Street Education Plan as nationally through its Internet sites at Harrisdirect.com and http://harris.theeducationplan.com, according to Maryann Wasik, managing director and head of product development for Harrisdirect.

Ralph J. Constantino, chief executive officer of Schoolhouse Capital, said that Harrisdirect is an "ideal channel of distribution" for the plan and noted the firm will be able to use its online planning resources to educate consumers.

Still, whether the 529 plans can be sold in volume through direct sales channels, including the Internet, is as yet unproven. Many providers, including TIAA-CREF that runs the largest number of programs, have found financial advisors and face-to-face planning meetings to play a key role in the opening of college savings accounts with significant balances. Online brokers even tend to have smaller account sizes than traditional brokers for regular accounts.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use