Advisers May Help 529 Sales More Than Expected
Financial advisers may boost sales of 529 plans far more than plan assets and net sales suggest, according to a report.
Tag: College savings plans 529
JPM Calendar Shines Light on College Planning
A college savings-themed desktop calendar can be
used as a tool to start conversations with clients and highlight the benefits
of 529 savings plans.
529 Plan Assets Reach $163B
Assets in 529
savings plans were an estimated $163.7 billion as of the third quarter of 2012,
according to Financial Research Corporation.
BlackRock Expands 529 Plan Investments
BlackRock
Inc. expanded its iShares exchange-traded funds (ETFs) business, adding seven
portfolio options to the iShares 529 Plan.
Asset International Acquires 529 College Savings Conference
Asset International Inc. agreed to acquire
Savingforcollege.com’s 529 Conference and Boot Camp from JFH Innovative LLC.
South Carolina Selects Columbia Management as Program Manager
South Carolina chose Columbia Management to be the program manager of its college savings plan.
529 Assets Jump in Q4 2011
Total 529 college savings plan assets were an estimated
$144.4 billion in Q4 2011, according to data from Financial Research
Corporation (FRC), a division of Strategic Insight.
Prepaid Tuition Plans Are 93% Funded
The College Savings Plans Network (CSPN) reported that as of the close of the most recent fiscal year, Section 529 prepaid tuition plans are, on average, approximately 93% funded.
529 Plan Assets Increase 12% in 12 Months
Morningstar's 2011 529 College Savings Plans research paper and industry survey found that 529 plan assets increased by 12% the last 12
months.
Calif. to Close Part of 529 College Savings Plan
California will be closing its adviser-sold unit, a small portion of
the 529 college-savings plan, in which residents invest in the plan
through brokers and financial planners, reports the Los Angeles Times.
Neb. 529 Plan Launches FDIC-Insured Savings Option
First National Bank of Omaha, the Nebraska Educational
Savings Trust, and the State Treasurer
announced the launch of the Bank Savings Investment Option, Nebraska's
FDIC-insured 529 savings option.
Mass. 529 Plan to Use Fidelity’s Age-Based Investment Options
Fidelity Investments and the Massachusetts Educational Financing
Authority (MEFA) have
unveiled a new age-based strategy to families saving for college via Fidelity-managed 529
college savings plans.
Students Relying More on Scholarships, Less on Savings
Although 25% of teens said their parents have a 529 College Savings Plan in place for them, the majority of teens (66%) and adults (54%) has never heard of such a plan.
South Dakota and Kansas Have Best 529 Plans
Savingforcollege.com released its 529 Plan Composite Performance Rankings for the second quarter.
Saving for Child's College, Before Own Loans Paid Off
Fidelity Investments' College Savings
Indicator found 60% of parents who have started saving for their preschool-aged childrens' college costs are still paying back their own student loans.
529 Plan Assets Increase in Q2 2011
Financial Research Corporation's (FRC) 529 College Savings Quarterly Data Highlights show 529 savings plan assets have increased to an estimated $149.8 billion as of the second quarter of 2011.
Wisconsin’s 529 Plan Adds Low-Cost Portfolios
Wells Fargo Funds Management and the Wisconsin College Savings Program Board have announced several changes to EdVest, Wisconsin’s college savings plan.
J.P. Morgan Selected by New York’s 529 Advisor Plan
J.P. Morgan Asset Management has been selected as the investment
manager and distributor for New York's 529 College Savings Program
Advisor Plan.
TIAA-CREF Selected as Manager of Calif. 529 Plan
California's ScholarShare
Investment Board (SIB) unanimously selected TIAA-CREF Tuition
Financing (TFI) to manage California’s direct-sold 529 college savings
plan.
529 Plan Assets Increase Nearly 6% in Q1 2011
Total 529 savings plan assets increased to an estimated $146
billion in the first quarter of 2011, reflecting a 5.8% increase from the previous quarter.