Prudential Financial announced a partnership with BabyMint to allow both investor and financial advisor clients to participate in BabyMint’s consumer rebate-based savings plan. BabyMint customers save for college tuition by buying products from BabyMint-registered companies such as Macy’s, Gap, and Barnes & Noble and then having the resulting rebates of up to 20% deposited in their account.
Prudential said financial advisors can participate in BabyMint’s Basic or Preferred Advisor Programs, which provide the advisors with marketing and other support to pass along to clients and prospects.
The Arrive Education Savings Plan, which is distributed by Prudential Investment Management Services, is a multi-manager 529 product offering three tiers of investment options. For more information on the BabyMint program, visit www.babymint.com .