FYI: Fidelity Investments cut fees for the majority of its college savings plans as it launched portfolios that combine active and passive money management.
The lower fees on 15 of 22 plans will save investors more than $4 million a year, Fidelity said Tuesday in a statement. The Boston-based company, which manages $25 billion of the so-called 529 savings plans sponsored by the states of Arizona, Delaware, Massachusetts and New Hampshire, also said that on Oct. 3 it launched eight new college saving portfolios that combine active and index investments.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-10-08/fidelity-investments-to-reduce-fees-on-college-savings-plans
