http://moneyfeatures.blogs.money.cnn.com/2009/05/18/obamas-favorite-mutual-fund/

  Hey, if a broker-sold 529 plan is good enough for the President of the United States, its good enough for everyone else out there too!  Thought this was an interesting little tidbit we could use with clients who say they don't want to pay any fees for their education accounts.  I also love how the resident financial advisor correspondent for CNNMoney feels the need to offer advice on how the Obama's should invest.  (Hint:  Not in Retail 529's)     "The Obamas have socked away somewhere between $100,000 and $200,000 in 529 plans for Sasha and Malia’s college education. That’s great, but it appears they have put their money in broker-sold plans that charge a 3.5% upfront sales load and have annual expense ratios of around 1.3%. Ouch! Financial planner (and MONEY contributor) Allan Roth suggests they move to lower-expense direct-sold plans, a move that would mean lower fees and more money for the girls’ schooling."