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.
Voya Financial adds private equity, credit and real estate options to its AMA program, building on support for looser federal investment rules in retirement accounts.
Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.
Auditors flagged the commingling. The COO allegedly knew. Investors kept getting the pitch
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
