TD Ameritrade adds ESG portfolios to 529 plan
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Firm's Nebraska plan is available nationally.
TD Ameritrade Holding Corporation has added socially aware portfolios to its 529 college savings plan offered in Nebraska and available nationally.
[More: Advisers should bring up ESG with clients, before they ask]
The company said in a release that its plan will be the first to offer portfolios that invest according to environmental, social and governance guidelines, along with traditional investing options.
[Recommended video: Advisers should discuss ESG with wealthy clients before someone else does]
The company said the portfolios will be offered starting in November through both direct-to-consumer and registered investment advisor (RIA) TD Ameritrade channels. The investment structure will be nonproprietary with no annual maintenance fees and no account minimums, and will use all passive investments.
Register now for our ESG & Impact Forum at the U.N. on Dec. 5.
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