|By Marketwired .||
|February 20, 2014 09:01 AM EST||
TRENTON, NJ and SAN MATEO, CA -- (Marketwired) -- 02/20/14 -- The New Jersey Higher Education Student Assistance Authority (HESAA) and Franklin Templeton Investments today announced that Franklin Templeton has been selected to continue as the program manager for NJBEST, the 529 college savings plan offered solely to New Jersey residents, and Franklin Templeton 529 College Savings Plan,(1) offered to investors nationwide. Together, the plans exceed $4 billion in assets under management.
"HESAA is very pleased to continue our partnership with Franklin Templeton as program manager for our 529 college savings program. Together, we are dedicated to helping New Jersey families' with their continued interest in and commitment to college savings. To date, NJBEST and Franklin Templeton 529 College Savings Plan accounts have been established for more than 158,000 New Jersey beneficiaries. Special features, including flexible investment options and the scholarship opportunity, continue to drive the plans' popularity," said Gabrielle Charette, Executive Director of HESAA.
Offered by the New Jersey HESAA, with Franklin Templeton Distributors, Inc. serving as the program manager since 2003, the plans offer low minimum initial contributions of $25 for NJBEST and $50 for Franklin Templeton 529 College Savings Plan, and provide an affordable way for families in New Jersey and across the nation to save for college expenses through a variety of investment strategies that can be tailored to their specific needs.
"I would encourage individuals and families who plan to start saving for college to compare the overall value, features and performance of NJBEST and Franklin Templeton 529 College Savings Plan to that of other plans. The number of NJBEST and Franklin Templeton 529 College Savings Plan accounts has increased dramatically since we first associated with Franklin Templeton in 2003," said Gene Hutchins, Chief Financial Officer at HESAA. "Ten years later we have seen more than 82,000 promising New Jersey students access the funds necessary to make their higher education a reality, with more than $1 billion in total distributions to date."
NJBEST and Franklin Templeton 529 College Savings Plan investors can choose from objective-based or age-based asset allocations to structure plans to suit their needs and risk tolerance, or with Franklin Templeton 529 College Savings Plan, they can work with a financial advisor to customize an asset allocation mix that suits their specific college investing goals. Franklin Templeton's funds can be used to build truly diversified portfolios because the Franklin Templeton investment management groups -- Franklin, Templeton and Mutual Series -- work independently, adhere to different investment approaches and manage distinct portfolios.
Roger Michaud, Senior Vice President of Franklin Templeton Distributors, said, "We are excited about our continued relationship with New Jersey. We are committed to helping families save for the increasing costs of higher education by providing a college saving program that provides New Jersey families good value, strong investment capabilities and performance, and outstanding service and support. For the past decade, our successful collaboration with the State of New Jersey has allowed us to offer 529 college savings plans to investors nationwide. As interest in our 529 plans continues to flourish, we look forward to bringing the breadth and perspective of Franklin Templeton's professional investment management expertise to college savers across the country."(2)
Of note, Savingforcollege.com ranked the New Jersey plans among the top three in the nation for one-year performance as of December 31, 2013.(3)
New Jersey residents interested in the NJBEST 529 College Savings Plan may visit NJBEST.com. For more information on the Franklin Templeton 529 College Savings Plan, please visit franklintempleton.com.
Investors should carefully consider 529 Plan and/or mutual fund investment goals, risks, charges and expenses before investing. To obtain the Investor Handbook or mutual fund prospectuses, which contain this and other information, talk to your financial advisor or call Franklin Templeton Distributors, Inc., the manager and underwriter for the Plan at (866) 362-1597. You should read the Investor Handbook and/or mutual fund prospectuses carefully before investing and consider whether your, or the beneficiary's, home state offers any state tax or other benefits that are only available for investments in its qualified tuition program.
Each plan account is currently subject to an annual program management fee of 0.20% for the direct plan and 0.40% for the advisor-sold plan of assets and underlying fund expenses, currently up to 0.84% of assets, which may vary. See the Investor Handbook for more complete information.
New Jersey Higher Education Student Assistance Authority's (HESAA) mission is to provide students and families with the financial and informational resources for students to pursue their education beyond high school. For more information about NJBEST and other education programs offered through the State of New Jersey, contact 1-800-792-8670 or visit hesaa.org.
Franklin Templeton Distributors, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $857 billion in assets under management as of January 31, 2014. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.
1. Offered and administered by the New Jersey Higher Education Student Assistance Authority (HESAA); managed and distributed by Franklin Templeton Distributors, Inc. No federal or state guarantee. Principal value may be lost, and investing in the plan does not guarantee admission to college or sufficient funds for college. Please refer to the Investor Handbook for more complete information.
2. The plan is managed by Franklin Advisers, Inc., an affiliate of Franklin Templeton Distributors, Inc. Plan portfolios generally invest in mutual funds managed by affiliates of Franklin Advisers, Inc. An investment in Franklin Templeton 529 College Savings Plan is an investment in a municipal security that may invest in one or more underlying mutual funds. It is not an investment in shares of the underlying mutual fund(s).
3. Source: Savingforcollege.com, as of December 31, 2013. Rankings of #2 for NJBEST and #3 for Franklin Templeton 529 College Savings Plan are based on a universe of 55 direct and 30 advisor-sold plans, respectively, for Class A share performance (including maximum sales charges and fees).
Copyright © 2014. Franklin Templeton Investments. All rights reserved.
Franklin Templeton Investments
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
May. 3, 2016 10:45 AM EDT Reads: 834
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 3, 2016 10:30 AM EDT Reads: 525
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 3, 2016 10:30 AM EDT Reads: 1,173
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 3, 2016 10:15 AM EDT Reads: 1,168
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 3, 2016 10:00 AM EDT Reads: 1,328
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 3, 2016 10:00 AM EDT Reads: 844
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 3, 2016 09:45 AM EDT Reads: 1,401
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
May. 3, 2016 09:45 AM EDT Reads: 1,100
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
May. 3, 2016 09:15 AM EDT Reads: 1,151
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 3, 2016 09:00 AM EDT Reads: 1,012
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
May. 3, 2016 09:00 AM EDT Reads: 946
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 3, 2016 08:30 AM EDT Reads: 1,099
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
May. 3, 2016 07:45 AM EDT Reads: 1,076
Internap Corporation has expanded its OpenStack-based bare-metal Infrastructure-as-a-Service offering, AgileSERVER 2.0, to its data centers in Amsterdam, Dallas and Santa Clara, Calif. Launched in 2015 out of Internap’s New York Metro data center in Secaucus, N.J., AgileSERVER 2.0 is now available in four locations globally, enabling enterprises and devops teams running mission-critical applications and big data workloads to build scale-out infrastructure environments that are higher performing ...
May. 3, 2016 07:15 AM EDT Reads: 1,374
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
May. 3, 2016 07:00 AM EDT Reads: 1,059