CollegeAdvantage Renews 529 Contract with BlackRock, Reduces Customer Fees and Adds Investment Options
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As a result of the contract renewal, several changes to the BlackRock CollegeAdvantage 529 Plan were implemented and are reflected in the updated Program Description and Participation Agreement, dated
- Reduction in certain customer fees: The annual program management fee has been reduced from 0.20% to 0.19% (with further reductions at specified asset thresholds) and the Class A initial sales charge has been reduced from 5.75% to 5.25% for certain investment options. Additionally, the state fee was previously reduced from 0.10% to 0.04%.
- New investment options to further diversify client portfolios: BlackRock Multi-Asset Income and BlackRock Strategic Income Opportunities options have been added to the investment menu, offering clients the ability to invest in flexible multi-asset and fixed income strategies.
"We're pleased to extend our partnership with BlackRock, the world's largest investment manager," said
Since 2009, BlackRock has served as the program manager for the CollegeAdvantage Advisor Plan which has
"We are excited to continue our partnership with the
Families can learn more about the CollegeAdvantage 529 plans and enroll online at www.CollegeAdvantage.com or through a financial advisor. Accounts can be opened with as little as a
About CollegeAdvantage:
CollegeAdvantage is
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At
For additional information about the BlackRock CollegeAdvantage 529 Plan, please call (866) 529-8582 or visit www.blackrock.com/CollegeAdvantage.
© 2014
© 2014 BlackRock, Inc. All Rights reserved. BLACKROCK, BLACKROCK strategies, iSHARES, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, and BUILT FOR THESE TIMES are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries in
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