New Arkansas 529 plan targets registered investment advisers
Underlying investments consist of iShares exchange traded funds. Investment options include the year-of-enrollment option, four multi-ETF asset allocation options, and nine individual ETF options. The iShares from Barclays Global Investments are widely-used ETFs with low expenses. In addition to the underlying ETF expenses, portfolios are subject to program manager and state administration fees of 0.35% to 0.40%.
TheiShares 529 Plan does not pay sales commissions and is the first to rely exclusively on registered investment advisers (RIAs) for sales. Savingforcollege.com classifies the plan as a "direct-sold" 529 savings plan, although investors generally must purchase the plan through RIAs.