Liz Skinner for InvestmentNews writes: Utah's college savings program is expanding its investment lineup, adding funds from Vanguard and Dimensional Fund Advisors. Administrative fees on the plan are also being cut by about 10%.
The plan, already one of the nation's largest 529s with about $6 billion in assets, is sold directly to clients but many fee-only advisers favor the program's low cost and unique investment features. Advisers note, for example, that participants in the plan can give them direct access to make changes in their accounts.
As of June 21, account holders using the customized investment options will be able to design an age- based allocation from 22 underlying funds: Six Dimensional funds, 15 Vanguard mutual funds and an FDIC-insured savings account option. Today, the investor has nine investment choices.
Utah's college savings program is expanding its investment lineup, adding funds from Vanguard and Dimensional Fund Advisors. Administrative fees on the plan are also being cut by about 10%.
The plan, already one of the nation's largest 529s with about $6 billion in assets, is sold directly to clients but many fee-only advisers favor the program's low cost and unique investment features. Advisers note, for example, that participants in the plan can give them direct access to make changes in their accounts.
As of June 21, account holders using the customized investment options will be able to design an age- based allocation from 22 underlying funds: Six Dimensional funds, 15 Vanguard mutual funds and an FDIC-insured savings account option. Today, the investor has nine investment choices.
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