BOSTON, Nov. 22, 2016 /PRNewswire/ — John Hancock Freedom 529 rose to the fifth-largest advisor-sold 529 academy accumulation plan provider in acceding of assets beneath administering and bazaar allotment for the third analysis of 2016, up from sixth abode in the additional quarter. John Hancock Freedom 529, managed by John Hancock Investments and T. Rowe Price beneath the administering of the Apprenticeship Trust of Alaska, has $4.42 billion in assets beneath administering and a bazaar allotment of 3.9 percent as of September 30, 2016.
Nearly 70 percent of aerial academy graduates go on to appear college, which agency millions of families charge advice on planning for a child’s academy education. 529 affairs can advice abode ascent academy costs and the associated access in apprentice debt. In fact, 7 in 10 academy seniors accelerating in 2015 attributable about $30,000 on average–a abundant accountability for addition aloof starting out in a career.
“As a company, we strive to accommodate investors with articles and apprenticeship to advice accomplish important banking goals such as retirement and academy savings, and we are acutely committed to the 529 bazaar and allowance families apprehend the dream of a academy apprenticeship for their admired ones,” said John Hancock Investments President and CEO Andrew G. Arnott. “We’ve congenital up a aggregation of 529 specialists to abutment banking professionals in the acreage and afresh continued our beat in the West by aperture an appointment in Tempe, Arizona. Academy accumulation plans, such as John Hancock Freedom 529, accept helped accession acquaintance about the accent of this affectionate of planning and action a cardinal of allowances advised to accomplish extenuative easier.”
John Hancock Investments and T. Rowe Price accept a abiding affiliation dating to 1996 on the alternate armamentarium side, and accept accordingly managed the 529 plan back its birth in 2001. Together, they analysis and baddest accurate portfolio administering teams with specialized ability for every armamentarium offered. A key account of this asset allocation access comes from accumulation assorted advance styles and assorted managers, consistent in a added akin of about-face backed by the blank of two arch advance organizations. This different affiliation offers a akin of advance blank that is adamantine to bout with added 529 plans.
About John Hancock InvestmentsJohn Hancock has helped individuals and institutions body and assure abundance back 1862. Today, we are one of America’s arch and most-recognized brands. As a administrator of managers, John Hancock Investments searches the apple to acquisition accurate portfolio teams with specialized ability for every armamentarium we offer, again we administer active advance blank to ensure they abide to accommodated our uncompromising standards and serve the best interests of our shareholders. Our different access to asset administering has led to a assorted set of investments acutely abiding in broker needs, forth with able risk-adjusted allotment beyond asset classes.
About John Hancock Banking and ManulifeJohn Hancock Banking is a analysis of Manulife, a arch Canada-based banking casework accumulation with arch operations in Asia, Canada, and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our accumulation of companies offers audience a assorted ambit of banking aegis articles and abundance administering casework through its all-encompassing arrangement of employees, agents, and administering partners. Assets beneath administering and administering by Manulife and its subsidiaries were CAD$966 billion (US$736 billion) as of September 30, 2016. Manulife Banking Corporation trades as MFC on the TSX, NYSE, and PSE, and beneath 945 on the SEHK. Manulife can be begin at manulife.com.
The John Hancock unit, through its allowance companies, comprises one of the better activity insurers in the United States. John Hancock offers and administers a ample ambit of banking products, including activity insurance, annuities, investments, 401(k) plans, academy savings, and added forms of business insurance. Additional advice about John Hancock may be begin at johnhancock.com.
John Hancock Freedom 529 is a academy accumulation plan offered by the Apprenticeship Trust of Alaska, managed by T. Rowe Price, and broadcast by John Hancock Distributors LLC through added broker-dealers that accept a affairs acceding with John Hancock Distributors LLC. John Hancock Distributors LLC is a affiliate of FINRA and is listed with the Borough Balance Rulemaking Board (MSRB).
P.O. Box 17603 Baltimore, MD 21297-1603 866-222-7498 johnhancockfreedom529.com
If your accompaniment or your appointed beneficiary’s accompaniment offers a 529 plan, you may appetite to accede what, if any, abeyant accompaniment income-tax or added allowances it offers afore investing. Accompaniment tax or added allowances should be one of abounding factors to be advised above-mentioned to authoritative an advance decision. Please argue with your financial, tax, or added adviser about how these accompaniment benefits, if any, may administer to your specific circumstances. You may additionally acquaintance your accompaniment 529 plan or any added 529 academy accumulation plan to apprentice added about their features. Please acquaintance your banking adviser or alarm 866-222-7498 to access a Plan Disclosure Document or announcement for any of the basal funds. The Plan Disclosure Document contains complete capacity on advance objectives, risks, fees, charges, and expenses, as able-bodied as added advice about borough armamentarium balance and the basal advance companies that should be advised afore investing. Please apprehend the Plan Disclosure Document anxiously above-mentioned to investing.
529 PLANS ARE NOT FDIC INSURED, MAY LOSE VALUE, AND ARE NOT BANK OR STATE GUARANTEED.
 Strategic Insight, 3Q 2016 Academy Accumulation Quarterly Update “College Enrollment and Work Activity of 2015 Aerial Academy Graduates,” U.S. Bureau of Labor Statistics, April 2016. The Institute for Academy Access and Success, 2015. About-face cannot assure a accumulation or assure adjoin accident in a crumbling market.
To appearance the aboriginal adaptation on PR Newswire, visit:http://www.prnewswire.com/news-releases/john-hancock-freedom-529-climbs-college-savings-plan-rankings-in-assets-market-share-300367268.html
SOURCE John Hancock Academy Savings
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