Northern Lights Distributors Delivers Innovative Asset-Raising Solutions To Texas 529 College Savings Plans - WTVM.com-Columbus, GA News Weather & Sports

Northern Lights Distributors Delivers Innovative Asset-Raising Solutions To Texas 529 College Savings Plans

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SOURCE Northern Lights Distributors, LLC

Firm Will Help Qualified Tuition Plans Reach New Investors and Facilitate Selling Agreements

OMAHA, Neb., July 29, 2014 /PRNewswire/ -- Northern Lights Distributors, LLC (NLD), a broker-dealer specializing in providing comprehensive, adviser-driven fund distribution solutions, 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®.  

www.nldistributors.com.

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."

NLD is a wholly owned subsidiary of NorthStar.  NorthStar, through the coordinated efforts of its operating subsidiaries, including NLD, Gemini Fund Services, LLC (Gemini), and CLS Investments, LLC (CLS), is able to provide the Texas 529 plans with a comprehensive program management solution.  In addition to the distribution, sales, and marketing efforts of NLD, Gemini will provide plan administration, accounting and transfer agent services, while CLS provides assistance with portfolio management, analytics, and trading. NLD will utilize Blu Giant, a division of NorthStar, to provide marketing solutions through their multi-disciplinary approach to hypermedia, including branding, social media, video and web. Constellation Trust Company, a NorthStar affiliate, as the custodian for the 529 plans, will provide new account set up, trade file submissions, data reconciliation, and reporting back to the affiliated companies.

For more information about NLD, please contact Jami Schlicher at 973-850-7309 or jschlicher@jcprinc.com.

About Northern Lights Distributors, LLC, Member FINRA
Northern Lights Distributors, LLC (NLD) is a broker-dealer helping its fund clients and industry partners navigate the distribution universe through fund distribution and marketing review services. NLD advocates for its clients' products by collaborating with financial intermediaries and industry partners. NLD specializes in providing comprehensive, adviser-driven fund distribution solutions. NLD's distribution services include: sales support, online administration of selling agreements and advertising review, advertising filings with the Financial Industry Regulatory Authority, Inc. (FINRA), 12b-1 payment processing and facilitation of trading through the National Securities Clearing Corporation (NSCC).

The Texas College Savings Plan®, the Texas Tuition Promise Fund® and the LoneStar 529 Plan® are established and maintained by the Texas Prepaid Higher Education Tuition Board, and, as of Sept. 2, 2014, distributed by Northern Lights Distributors, LLC member FINRA and SIPC.  NorthStar Financial Services Group, LLC, the parent company of Northern Lights Distributors, LLC, is the Plan manager and administrator of the Plans, effective Sept. 2, 2014.

Some states offer favorable tax treatment to their residents only if they invest in the state's own plan.  Non-residents of Texas should consider whether their state offers its residents a 529 plan with alternative tax advantages and should consult their tax advisor.  Interests in the Plan are not deposits or other obligations of any depository institution.

Before investing in the Texas College Savings Plan®, investors should carefully consider the investment objectives, risks, administrative fees, service and other charges and expenses associated with municipal fund securities. The Plan Description and Savings Trust Agreement contains this and other information about the Plan and may be obtained by visiting www.texascollegesavings.com or calling 1.800.445.GRAD (4723), Option #3. Investors should read these documents carefully before investing.

Before investing in the LoneStar 529 Plan®, investors should carefully consider the investment objectives, risks, administrative fees, service and other charges and expenses associated with municipal fund securities. The Plan Description and Savings Trust Agreement contains this and other information about the Plan and may be obtained by visiting www.lonestar529.com or calling 1.800.445.GRAD (4723), Option #4. Investors should read these documents carefully before investing.

Before investing in the Texas Tuition Promise Fund®, investors should carefully consider the investment objectives, risks, administrative fees, service and other charges and expenses associated with municipal fund securities. The Plan Description and Master Agreement contains this and other information about the Plan and may be obtained by visiting www.texastuitionpromisefund.com or calling 1.800.445.GRAD (4723), Option #5. Investors should read these documents carefully before investing.

CONTACT: Jami Schlicher
Jennifer Connelly Public Relations
973-850-7309
jschlicher@jcprinc.com

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