Richmond Hill, Ont.-based Global Growth Assets Inc. has launched two new individual scholarship plans on Tuesday.

Legacy Education Savings Plan is designed for clients who want to maximize their education savings investment and prefer a structured and disciplined approach. It succeeds the Global Education Trust Plan, which was Global’s signature product for more than 17 years, according to the investment fund manager’s announcement.

The second new plan is Advanced Education Savings Plan and it’s designed for families that prefer to invest using a flexible contribution schedule and no upfront sales charges.

“The launch of Global’s new products addresses increasing client demand for innovative plans with flexible fee options, enabling families from all walks of life to build financial stability for their children’s educational future,” the firm’s announcement states.

The plans are available through Global RESP Corp. and Global Maxfin Investments Inc., which are affiliated with Global Growth Assets Inc. and are also based in Richmond Hill, Ont.