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Top 10 529 Plan Program Managers By AssetsTop 10 529 Plan Program Managers By Assets

Diana Britton, Managing Editor

May 29, 2015

10 Slides
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The price of college tuition is steadily rising; in fact, tuition has risen faster than inflation in recent years. But 529 plans can help families better save for their children’s education.

And a lot of these plans are advisor-sold; as of December 2014, about $105 billion of the $218 billion in total college savings plan assets were advisor-directed, according to Morningstar’s recent 529 College-Savings Plan Landscape report. Advisors can customize 529 portfolios to fit their clients’ needs, says Morningstar

In honor of 5/29, national 529 college savings plan awareness day, we rank the top 10 529 plan program managers by assets, according to Morningstar. The program manager is typically the asset manager whose mutual funds are used the plan, but some program managers partner with a money manager who provides the investment choices, Morningstar says. American Funds, which is the largest program manager by assets, only administers Virginia’s CollegeAmerica plan. See how the others stack up. 

About the Author

Diana Britton

Managing Editor, WealthManagement.com

Diana Britton is the Managing Editor of WealthManagement.com, covering covering independent broker/dealers and RIAs from all angles. She's also the host of The Healthy Advisor, a podcast focused on advisor health and wellbeing. A native of Los Angeles, she now lives in Rocklin, Calif.

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