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.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
