NLD is collaborating with NorthStar Financial Services Group, LLC (NorthStar), in an agreement with the Texas Prepaid Higher Education Tuition Board to distribute three of the four Texas 529 college savings plans— the prepaid Texas Tuition Promise Fund^®, the direct-sold Texas College Savings Plan^®, and the adviser-sold LoneStar 529 Plan^®.

NLD’s sales and distribution consultants are applying their knowledge to enable these qualified tuition plans, which provide tax-advantaged, flexible and low-maintenance ways for individuals to save for higher-education expenses, to attempt to raise assets more efficiently and grow in a scalable manner. In addition to defining and implementing distribution and marketing plans for the investment vehicles the sales and distribution teams will advocate for the plans broker-dealers to facilitate selling agreements and identify receptive audiences of new investors.

“We look forward to working closely with the State of Texas to forge new broker-dealer relationships for its qualified tuition plans and bring these products to the attention of more retail investors,” said Brian Nielsen, Chief Executive Officer of NLD. “Our investment adviser roots give us the insight into the challenges that 529 plans face, and we will use our knowledge to provide Texas with innovative and strategic distribution solutions to assist achieving their long-term goals.”

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