Td ameritrade holding corporation announces first 529 college savings plan in u.s. offering esg portfolios

Td ameritrade holding corporation announced a series of improvements to the td ameritrade 529 college savings plan effective november 18, 2019. the plan is available nationally and is one of four 529 plans offered by the nebraska educational savings plan trust and administered by the nebraska state treasurer. the competitively priced plan will become the first to offer socially aware portfolios (also known as an environmental, social and governance or esg offering), along with its core traditional investing options. while 529 savings plans can be an effective investment vehicle to help cover education expenses, confusion still abounds. the redesigned plan will leverage expertise from portfolio consultant td ameritrade investment management, llc (tdaim) for age-based and static investment options and will be offered through both direct-to-consumer and registered investment advisor (ria) td ameritrade channels. the investment structure will remain focused on age-based, static and individual investment options and all funds will be nonproprietary with no annual maintenance fees and no account minimums. in addition, age-based and static investment options will now all be passive investments.participation in the plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover future tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.
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