BALTIMORE, Sept. 5, 2012 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Scholars Choice College Savings Program was once again named one of the two best advisor-sold 529 plans by Savingforcollege.com for both the one-year and three-year rolling periods ending June 30, 2012, based on investment performance, including the impact of fees. Also noteworthy, this marks the 11th quarter in a row that Savingforcollege.com included Scholars Choice among the top 4 performing advisor-sold 529 plans for a quarterly rolling one-year period. "It may be time for back-to-school, but there's nothing seasonal about our 529 performance," noted Matt Schiffman, Head of Global Marketing for Legg Mason. "As the results clearly demonstrate, we maintain our focus on investment excellence -- and costs -- all year round." Joseph Hurley, founder and CEO of Savingforcollege.com, commented, "Costs needn't deter anyone from using a 529 plan. In fact, choosing a low-fee 529 with a recognized track record is a great way to start off the new school year right." Schiffman also highlighted recent enhancements to the plan's investment menu, which further solidify Scholars Choice as a back-to-school essential. For investors who want to build their own portfolio -- or complement another strategy by emphasizing a particular asset class -- the plan now includes individual fund portfolios, each of which invests 100% of its assets in a single underlying fund. Savingforcollege.com -- an independent informational website owned by JFH Innovative LLC -- is generally regarded by industry professionals 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 Savingforcollege.com Plan Composite Rankings, which rank Class A Unit portfolio performance for a universe of advisor-sold 529 plans, apply to the rolling one- and three-year periods through the end of each calendar quarter. Savingforcollege.com 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 Savingforcollege.com for more information about the ranking.