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.
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
