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Who Manages The Plan?
Q. Who manages the plan?
A. The Florida Prepaid College Board manages both the
Florida College Investment Plan and the Florida Prepaid
College Plan. The Florida Prepaid College Board is an agency
of Florida government.
The Board has seven members including the Chief Financial Officer of
Florida; the Attorney General of Florida; the Deputy Commissioner
of the Florida Board of Education, Division of Colleges
and Universities; the Deputy Commissioner of the Florida
Board of Education, Division of Community Colleges, or their
designee; and three members appointed by the Governor and
subject to confirmation by the Florida Senate.
Investments in the Florida College Investment Plan are
not deposits or obligations of, or insured or guaranteed by
the State of Florida, the U.S. government, the Florida
Prepaid College Board, the FDIC, or any other governmental
agency or financial institution.
NOTE: New composition of the Florida Prepaid College
Board, January 2003.
Q. Who manages the investments?
A. The Florida Prepaid College Board partners with top
professional money managers to manage the plan investments.
Our investment partners include:
Deutsche Asset Management - Global investment firm
managing $650 billion in total assets.
Northern Trust Investments - Industry leader with $330
billion in total assets under management.
Trusco Capital Management - Subsidiary of Sun Trust Banks
with $44 billion in total assets under management.
U.S. Trust Company of New York - The nation's first and
oldest trust institution managing $92 billion in total
assets.
Principal and investment returns will fluctuate, you
could lose all or a portion of your money invested in the
Florida College Investment Plan and you may not have enough
money to cover the qualified higher education expenses of
the beneficiary (student). Investments in the Florida
College Investment Plan are not deposits or obligations of,
or insured or guaranteed by the State of Florida, the U.S.
government, the Florida Prepaid College Board, the FDIC, or
any other governmental agency or financial institution.
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