Nearly 90% of RIAs are concerned about traditional state-sponsored 529 college savings plans, according to a survey by Tuition Plan Consortium, a group of more than 270 private colleges and universities that own and operate the Private College 529 plan.
The top concern was over the quality and selection of investment options in traditional plans, with over half of RIAs surveyed naming this is their chief issue. But another 34% said exposure to market volatility was their main concern, and 28% weren’t happy with fees charged by the plan providers.
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