That’s because OppenheimerFunds, Inc. and Schoolhouse Capital, LLC, have instituted four major enhancements to the program, which the companies said should provide benefits and investment opportunities to financial advisors and their clients.
The enhancements include:
- an expanded investment platform with eight new Individual OppenheimerFunds Portfolios, available in A, B, and C shares to provide investors with a total of 16 investment options
- after the initial sale, all Scholar’sEdge purchases can be processed electronically through the National Securities Clearing Corporation via Fund/SERV
- advisors can now consolidate clients’ holdings by including Scholar’sEdge account information on broker-dealer statements
- advisors can now offer A-shares at net asset value to corporate clients and small-business owners who wish to offer a 529 plan to their employees without the added administration or expense of a payroll deduction plan.