Texas Prepaid Higher Education Tuition Board, Austin, hired NorthStar Financial Services Group as service provider for its $564.5 million Texas Tuition Promise Fund, $321.3 million Texas College Savings Plan and $181.2 million LoneStar 529 Plan, said Chris Bryan, spokesman.
NorthStar Financial Services Group replaces OFI Private Investments, whose contract is expiring.
NorthStar will provide asset management, distribution, administration, record keeping, customer services, custodian services, marketing, and fund accounting and reporting services for the plans, Mr. Bryan said.
The transition is expected to be completed by early September.
