Financial Planning
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Oportun Customers Save $6.5 Million on Holidays in 2025, a 30% Increase
Oportun’s 2025 Holiday Savings Report reveals that members have saved $6.5 million for the holidays YTD, a 30% increase from 2024. Average member savings are $1,051 (Jan-Sep), with Q3 catch-up savings at $431 (+10% YoY). Q3 withdrawals averaged $605. Top saver states are Kansas, Washington, and Colorado; lowest are North Carolina, Michigan, and Idaho. The report also notes a consistent 20%+ year-start increase in deadline-driven goals.
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Advisor Team with $300M+ in Assets Joins Ameriprise Financial for Independence, Leadership, and Financial Planning
Ameriprise Financial announced that Allegiant Private Wealth, formerly of Merrill Lynch, has joined its independent advisor network. The Maryland-based wealth advisory practice, led by Christine Selzer, brings over $300 million in assets. This move reflects a strategic shift for Allegiant, seeking greater autonomy and a focus on financial planning. Ameriprise sees this as a key part of attracting experienced financial advisors.
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T. Rowe Price Launches New Age-Based Benchmarks to Guide Families in College Savings
T. Rowe Price released a report offering a college savings roadmap for parents. Authored by Roger Young, the report provides age-based benchmarks, emphasizes flexibility in savings strategies, and highlights the benefits of 529 plans. It aims to help families navigate rising college costs by offering actionable insights and a strategic approach to achieving their educational savings goals.
