Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:W&R Makes 529 Deal Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 02, 2002

ALLIANCES
W&R Makes 529 Deal

by: Tony Pennino

Waddell & Reed has entered into an alliance with BabyMint to offer 529 services to the latter's customers, a spokesperson with W&R told the MutualFundWire.com. BabyMint customers will be able to use the website to connect with a Waddell & Reed advisor convenient to their location.

"It's another tool for advisors to use in prospecting 529 clients," the spokesperson reported. "They can approach people who may not have 529 plans. It provides a vehicle where investors can come to the advisor; the advisor does not always need to be seeking them out. The advisor has help getting the word out. And the system will help the advisor maintain pre-existing relationships."

The firm's InvestEd plan is available through the State of Arizona. Advisors will have access to BabyMint's marketing materials as well. The BabyMint site also provides information about 529 plans as compared to Educational IRAs and other products.

Further, BabyMint has a relationship with approximately 700 retailers such as Wal-Mart, Target, and Pizza Hut. BabyMint users can get a 1%-20% rebate on purchases made at these location. Those rebates can be automatically be accrued for the user's 529 plan, or they can be sent to the user as a check each month.

"By partnering with BabyMint, Waddell & Reed's financial advisors now have the ability to enhance the value that they and the InvestEd Plan offer to their clients," added Peter Davis, president and ceo at BabyMint. "Best of all, whether online or offline, Waddell & Reed clients can become more disciplined investors while they do their daily shopping." 

See the list of all the 2002 Most Influential People



Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use