Fidelity Investments has added multi-asset sustainable portfolios to five state 529 college savings plans it manages.
In a statement, the company cited investors' increased interest in ESG.
The five funds are the Connecticut Sustainable Multi-Asset Portfolio, the New Hampshire Sustainable Multi-Asset Portfolio, the Massachusetts Sustainable Multi-Asset Portfolio, the CHET (Connecticut Higher Education Trust) 529 College Savings Plan – Advisor Plan, and the Fidelity Advisor 529 Sustainable Multi-Asset Portfolio - Class A portfolio.
The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.
Former Northwestern Mutual advisors join firm for independence.
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
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