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Columbia Threadneedle Investments extends contract as manager for South Carolina's Future Scholar 529 Plan

Columbia Threadneedle Investments today announced that it has reached an agreement with the South Carolina Office of the State Treasurer to extend its current contract to provide program administration, investment management and distribution services for the state’s Future Scholar 529 College Savings Plan. The new contract, which may extend for up to 10 years, takes effect on October 1, 2019.For the past 18 years, Columbia Threadneedle and its legacy firms have served as program manager for the Future Scholar 529 College Savings Plan, which now serves more than 170,000 investors and their beneficiaries nationwide, including accounts in every U.S. state.

Columbia Threadneedle Investments extends contract as manager for South Carolina's Future Scholar 529 Plan

Columbia Threadneedle Investments today announced that it has reached an agreement with the South Carolina Office of the State Treasurer to extend its current contract to provide program administration, investment management and distribution services for the state’s Future Scholar 529 College Savings Plan. The new contract, which may extend for up to 10 years, takes effect on October 1, 2019.For the past 18 years, Columbia Threadneedle and its legacy firms have served as program manager for the Future Scholar 529 College Savings Plan, which now serves more than 170,000 investors and their beneficiaries nationwide, including accounts in every U.S. state.

Victory Capital acquires USAA Asset Management Company

Victory Capital Holdings, Inc. will acquire USAA Asset Management Company, investment advisor to the USAA mutual funds that serve as underlying funds of the portfolios in the USAA 529 College Savings Plan. Victory Capital Management, Inc. will become the investment advisor to the USAA mutual funds and will provide investment management services to the USAA 529 College Savings Plan. In addition, Victory Capital Advisers, Inc., an affiliate of Victory Capital Management, will market and distribute the Plan, replacing USAA Investment Management Company.

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