Victory Capital acquires USAA Asset Management Company
Victory Capital Holdings, Inc. will acquire USAA Asset Management Company, investment advisor to the USAA mutual funds that serve as underlying funds of the portfolios in the USAA 529 College Savings Plan. Victory Capital Management, Inc. will become the investment advisor to the USAA mutual funds and will provide investment management services to the USAA 529 College Savings Plan. In addition, Victory Capital Advisers, Inc., an affiliate of Victory Capital Management, will market and distribute the Plan, replacing USAA Investment Management Company.
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