TIAA-CREF Departs From Direct-Sold Only 529 Plans

Louisville, Ky. (Oct. 11, 2002) -- Pension services concern TIAA-CREF said that it would veer from its direct channel-only sales of 529 college savings plans and introduce commission-based versions of the 13 state-sponsored programs it manages.

 

TIAA-CREF Tuition Financing Inc., the manager of the Advisor Programs, said it would begin making them available to broker-dealers, investment advisor firms, and banks throughout the country. Programs of Mississippi and

 

Missouri will be the first two introduced and are slated for launch on Oct 15.

 

-- Electronic Accountant Newswire staff

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