Vestwell plans to expand its presence in the state auto-IRA and college savings markets, announcing a deal Tuesday to buy BNY Mellon’s Sumday subsidiary. The deal would catapult Vestwell to serving as a program manager for nearly $20 billion. The ...

Three 529 plans were awarded Morningstar Inc.’s top rating, while seven received negative overall reviews, according to an annual college savings report published today. Consistent with its ratings last year, the Illinois Bright Start Direct-Sold College Savings, Michigan Education Savings ...

J.P. Morgan Wealth Management is the latest firm to halt the use of upfront sales charges in 529 college savings plans sold by its advisers, announcing on Monday that it will no longer allow that practice. The decision is in ...

Holders of 14.3 million 529 education saving accounts had a total of $437 billion invested in their plans in the quarter ended June 30, an increase of 6.1% from the $412 billion invested in the first quarter, according to a ...

The 529 college savings market is increasingly dominated by just a few players, and the barriers to entry for new contenders are getting higher. Currently, 10 program managers oversee 90% of the assets in 529 plans, up from 80% 10 ...