The Hartford announced a series of changes to its college-savings program, including a new business relationship with Upromise Inc., and new age bands in the age-based portfolios for the Smart 529 plans.
According to the company, Upromise will allow financial advisors and account holders to access a “user-friendly” interface that will allow them to tailor their college savings plans to suit their needs. “Our research shows beneficiaries' college savings experiences remain relatively unchanged in the early years, but that risk tolerance changes rapidly as the college years approach, ” said Jeffrey Coghan, director of 529 college savings plans at The Hartford in an e-mail response to On Wall Street. “We made these changes to give financial advisors and their clients access to an innovative Web-based platform to monitor and manage their 529 accounts.”
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