T. Rowe Price has reduced the expense fee it charges for managing Alaska’s in-state and national direct-sold 529 college savings plans by 8.2%.
The Baltimore, Maryland-based money manager said the cuts will save account holders about $1.7 million a year once they are fully phased in.
The University of Alaska serves as trustee and T. Rowe Price serves as program manager for Education Trust of Alaska, which offers three 529 savings plans: Alaska 529, which is marketed directly to investors within Alaska; the T. Rowe Price College Savings Plan, which is marketed directly to investors nationwide; and the John Hancock Freedom 529, marketed nationally through financial advisers.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
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.
