Invesco to Support Trump Accounts, Morgan Stanley Tops $1T in IRA Assets

Invesco Ltd., a leading global asset management firm, has announced its support of the U.S. government’s new tax-advantaged child savings Section 530A Accounts, also known as Trump Accounts.

Invesco said it will match the government’s $1,000 contribution to eligible newborns of its eligible U.S. employees. The firm also intends to contribute to the accounts of other eligible children of its eligible U.S. employees.

“Helping people invest for a better future is central to Invesco’s purpose, and enabling the financial wellness of our employees and their families is vital to achieving that,” said Andrew R. Schlossberg, president and chief executive officer of Invesco. “These accounts represent an important opportunity to encourage long‑term saving and investment habits from an early age, while expanding access to capital markets for the next generation.”

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