The State of New Hampshire hired Fidelity Investments to provide bundled services for its new pre-paid college savings program, the UNIQUE College Investing Plan.
Fidelity will provide administration and money management for the plan, which has seven age-weighted investment portfolios. Assets invested for preschool-aged children will have a higher equity exposure, for example, than portfolios that become more conservative as the child ages and nears college entrance.
Fidelity will allocate funds within a UNIQUE account to the appropriate portfolio and automatically move the account through the age-weighted series of portfolios.
