What happened to my USAA 529 account?
The sale of the Asset Management Company includes USAA's mutual funds, exchange-traded funds, and 529 accounts. It closed in 2019 and Victory expects to finish moving the accounts over to their systems during 2020. The Investment Management Company includes USAA's brokerage and managed-portfolio accounts.
Is USAA and Victory Capital the same?
USAA Investments was acquired by Victory Capital in July 2019 and is a Victory Capital Investment Franchise.
Does USAA have a 529 plan?
USAA 529 Education Savings Plan. Save for future education expenses by investing in a tax-advantaged USAA 529 Education Savings Plan. Save for future education expenses by investing in a tax-advantaged USAA 529 Education Savings Plan.
Who took over USAA 529 plan?
Victory Capital Holdings, Inc.
Why did USAA sell to Victory Capital?
Victory Capital has acquired USAA's Asset Management Company in a deal announced last November. The sale includes USAA's mutual fund, ETF and 529 college savings businesses. The deal reflects USAA's unwavering mission to facilitate the financial security of the military community.
Is Victory Capital a good company?
Victory Capital Management is a well-known firm with a handful of accolades, such as: Ranked 7th over five years in Barron's Top Fund Families of 2019. Ranked 9th in Barron's 2018 Best Fund Families. Ranked 10th in Barron's 2017 Best Fund Families.
Are Victory Capital victory funds?
Victory Capital mutual funds, USAA Mutual Funds, and the Plan are distributed by Victory Capital Services, Inc. (VCS), an affiliate of Victory Capital. VictoryShares ETFs and VictoryShares USAA ETFs are distributed by Foreside Fund Services, LLC (Foreside). VCS and Foreside are members of FINRA.
How do I withdraw from Victory Capital?
Where can I access the form to withdraw cash from my mutual fund? To access the Cash Withdrawal From Mutual Fund form (ID 99468), visit https://investor.vcm.com/tools-resources/forms.