The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Legg Mason's Scholars Choice® College Savings Program Again Merits Preeminent Performance Ranking from

Monday, December 05, 2011

Legg Mason's Scholars Choice® College Savings Program Again Merits Preeminent Performance Ranking from Savingforcollege.com11:00 EST Monday, December 05, 2011BALTIMORE, Dec. 5, 2011 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) today announced that its Scholars Choice® College Savings Program was singled out yet again as one of the top two advisor-sold 529 plans by Named the #2-ranked advisor-sold 529 plan for the one-year period ended September 30, 2011, Scholars Choice earned the distinction based on investment performance, including the impact of fees. This is the eighth quarter in a row that the Plan has placed in the top-2 spot. Equally important, the Plan was also recognized for the first time as the #2-ranked advisor-sold 529 plan for the three-year period.Matt Schiffman, Head of Global Marketing for Legg Mason, remarked, "This year, as the holidays approach, we're encouraging whole families to pull together to make a Scholars Choice contribution. By choosing a plan with a recognized track record and a reputation for low fees, they'll be giving a gift that helps secure a child's future."Joseph Hurley, founder and CEO of, noted, "It's always the right time to make a contribution to a 529 plan. Whether children are in pre-school or high school, they'll still benefit from the gift of freedom. They'll be free from debt ? and free to choose a school to their liking, not just the one that offers the most financial aid." is an independent informational website owned by JFH Innovative LLC and is widely regarded as one of the leading experts on college savings. Scholars Choice is managed by Legg Mason's independent investment firm, Legg Mason Global Asset Allocation, and distributed by Legg Mason Investor Services for the State of Colorado.Ranking MethodologyThe Plan Composite Rankings, which rank Class A Unit portfolio performance for a universe of 36 advisor-sold 529 plans, apply to the rolling one-year period through the end of each calendar derives the rankings using each plan's relevant portfolio performance in seven unique asset allocation categories: 100% Equity, 80% Equity, 60% Equity, 40% Equity, 20% Equity, 100% Fixed and 100% Short Term. The plan's composite ranking is determined by the average of its percentile ranking in these categories. Within each category, portfolios are compared and ranked based on published investment returns. Separate rankings are produced for one-, three- and five-year periods. In addition, two versions of rankings for each performance period are produced: one based on performance without sales charges and the other based on performance with maximum sales charges. Please visit for more information about the ranking.Additional unit classes may exist for each plan ranked. Please refer to each plan's program disclosure statement for more information regarding its performance, fees and expenses. For Scholars Choice's program disclosure statement, please visit Legg MasonLegg Mason is a global asset management firm with $612 billion in assets under management as of September 30, 2011. Through its diversified group of independent investment affiliates, it provides specialized active asset management in major investment centers globally. Legg Mason is headquartered in Baltimore, Maryland, and its common stock is listed on the New York Stock Exchange (symbol: LM).About Scholars ChoiceThe Scholars Choice College Savings Program is the advisor-sold College Savings Program for the State of Colorado and is also used by investors and financial advisors throughout the U.S. It is one of the largest advisor-sold 529 college savings plans(1), with assets of over $2.4 billion as of September 30, 2011. Scholars Choice is managed by Legg Mason Global Asset Allocation, LLC and primarily distributed by Legg Mason Investors Services, LLC. It is one of the lowest-cost advisor-sold 529 college savings plans(2).Scholars Choice offers seven Age-Based Portfolios, five Years-to-Enrollment portfolios, six Static Portfolios and three U.S. Treasury Zero-Coupon Bond Target Maturity Portfolios. Investment options encompass a wide range of carefully constructed portfolios consisting of funds managed by Legg Mason affiliates including Batterymarch Financial Management, Brandywine Global Investment Management, ClearBridge Advisors, Royce & Associates and Western Asset Management; and one unaffiliated fund managed by Thornburg Investment Management.Important InformationThe ranking is based on short-term performance (i.e., rolling one-year period). The performance and ranking discussed are inherently limited and not indicative of longer-term performance. This information should not be the sole basis for any investment decision. Market volatility, interest-rate changes and economic events, among other factors, can affect an investment's short-term returns.Past performance is no guarantee of future results. Current performance may be lower or higher than performance results used for this ranking, resulting in different rankings that may be lower than those shown.An investor should consider the Program's investment objectives, risks, charges and expenses before investing. The program disclosure statement at, which contains more information, should be read carefully before investing. If an investor or an investor's beneficiary is not a Colorado taxpayer, they should consider before investing whether their home states offer 529 Plans that provide state tax and other benefits only available to state taxpayers investing in such plans.Investments in the Scholars Choice College Savings Program are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed by the State of Colorado; CollegeInvest, Legg Mason GlobalAsset Allocation, LLC; Legg Mason Investor Services, LLC; or Legg Mason, Inc. or its affiliates,and are subject to investment risks.Scholars Choice is a registered service mark of CollegeInvest. CollegeInvest and the CollegeInvest logo are registered trademarks. Administered and issued by CollegeInvest, State of Colorado. Legg Mason Global Asset Allocation, LLC, Investment Manager. Legg Mason Investor Services, LLC is the primary distributor of interest in the Program; together, they serve as Manager of the Program. Legg Mason Global Asset Allocation, LLC; ClearBridge Advisors, LLC; Batterymarch Financial Management, Inc.; Brandywine Global Investment Management, LLC; Royce & Associates, LLC; Western Asset Management Company and Western Asset Management Company Limited; and Legg Mason Investor Services, LLC are Legg Mason, Inc. affiliates. Thornburg Investment Management, Inc. is not affiliated with Legg Mason Inc. and its affiliates.(1) Source: Financial Research Corporation, "3Q11 College Savings Quarterly Update."(2) Source: Financial Research Corporation, "529 College Savings Quarterly Fee Analysis, Third Quarter 2011." SOURCE Legg Mason, Inc.For further information: CONTACT: Daniela Crompton, +1-203-703-7682,