BALTIMORE, Sept. 4, 2013 /PRNewswire/ -- Legg Mason, Inc. (NYSE: LM) announced today that its Scholars Choice College Savings Program took home top honors as the #1-ranked advisor-sold 529 plan based on investment performance for both the three- and five-year periods ending June 30, 2013, including and excluding the impact of sales charges. In addition, the plan was again recognized among the top 4-performing advisor-sold 529 plans by Savingforcollege.com -- a distinction it has now secured for fifteen consecutive quarterly rolling 1-year periods. "Investment excellence remains uppermost on our agenda," remarked John Kenney, Head of Legg Mason Global Asset Allocation. "We want to do more than just make the grade -- we want to stay at the head of the class." "With recent federal changes that will likely make student loans more expensive in the future, parents need to start saving for college even earlier," noted Joe Hurley, founder of Savingforcollege.com. "Parents and financial professionals are looking to get a jump start with 529s that perform well." Savingforcollege.com -- an independent informational website owned by Saving for College, 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. All Savingforcollege.com rankings are as of June 30, 2013 and are based on the universe of 30 advisor-sold plans for Class A share performance (including maximum sales charges). The portfolios within the plans are compared and ranked based on published investment returns. The plan's composite ranking is determined by the average of its percentile ranking. The program ranked 2, 1, 1 and 9 for the quarterly rolling 1-, 3-, 5- and 10-year periods, respectively. Past performance is no guarantee of future results. The performance and rankings discussed are inherently limited and are not indicative of longer-term performance. Current performance may be lower or higher than performance results used for these rankings, resulting in different rankings that may be lower than those shown. Market volatility, interest-rate changes and economic events, among other factors, can affect an investment's short-term returns. Ranking Methodology 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-, five-, and ten-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. 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 scholars-choice.com.