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Invesco to Support Trump Accounts, Morgan Stanley Tops $1T in IRA Assets
Invesco Ltd. announced its support for the U.S. government’s new tax-advantaged child savings Section 530A Accounts, also known as Trump Accounts. The firm plans to match the government’s $1,000 contribution for eligible newborns of its U.S. employees and contribute to other eligible children’s accounts. This initiative aims to encourage long-term saving and investment from an early age, expanding access to capital markets.