Estimated net inflows to 529 savings plans in the fourth quarter of 2021 totaled $4.6 billion, unchanged from the same period of 2020, according to a report by ISS Market Intelligence. For all of 2021, however, net inflows were $8.5 billion, an increase of 10.4% over net inflows of $7.7 billion in 2020.
At the end of 2021, there was $452 billion in assets invested in 14.8 million 529 savings plan accounts; $28 billion in 900,000 529 prepaid accounts; and $1.04 million in 112,131 ABLE (529A) accounts, ISS Market Intelligence said.
Thirty four percent of advisors surveyed by InvestmentNews say they use direct indexing strategies but 39 percent don’t.
“This is on the B. Riley Securities side of the business, the dealmaking side,” one senior industry executive said.
There are three essential elements you must bring to the table to increase the chances of a successful post-sale career.
Across generations, how are savers doing with their 401(k) contributions?
New report shines some light on today's billionaires' investments.
"Synth Equity has been such a tailwind for these advisors who really understand the story," Measured Risk Portfolios’ head of distribution said.
Streamline your outreach with Aidentified's AI-driven solutions
