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Celebrating five years of partnership
We recently celebrated the fifth anniversary of our 529 business.
For the past five years, Principal Asset Management has acted as Investment Manager and Distributor of Scholar’s Edge 529 Plan in partnership with the New Mexico Education Trust Board and Ascensus.
It is fitting that five-year milestones are marked by the gift of wood, symbolizing strength and resilience. Like a tree over time, Principal has worked to establish strong roots to help clients weather the storms faced during long-term investing and build a solid foundation of tools and resources to power education savings goals.
Through solutions-focused thinking and a dedication to evolution, the Plan continues to grow. It has not only weathered bouts of economic headwinds but has seen opportunities for growth in the ever-changing regulatory landscape.
As the needs of our customers and the market continue to expand and diversify, we continue to evolve to meet that demand. The need for higher levels of education and lower levels of student debt are a high priority for our country and its citizens, and we are pleased to be providing the tools, resources and investments to assist in these efforts.
What Scholar’s Edge has been up to
Over the past five years, the Principal Asset Allocation (PAA) team has been focused on investment strategy for the Plan, structuring a glidepath that continues to align with ever-evolving markets. Our product and distribution teams remain focused on the ever-expanding use of 529 plans, such as the ability to roll unused funds into a Roth IRA, elevating the product’s capabilities. The Scholar’s Edge 529 Plan is available to residents of any state through their financial professional. Plans can be opened with as little as $1 and owners may invest in any of our 30 portfolio options.