Wells Fargo has also developed free online resources to help students and families to prepare, plan and finance their college experience.
Wells Fargo Education Financial Services is the largest U.S. private student lender among commercial banks, serving more than 1 million customers nationally.
Capital One Adds Phone Advice, Managed Portfolios
McLean, Va.-based Capital One has launched two client-facing tools to deliver advice and products to investors in real time using both technology and in-the-flesh advisors.
Advisor Connect provides phone-based investing advice to U.S. customers, designed to help investors access financial markets. Clients will not have their own dedicated advisor with this service.
Clients will also be able to use Capital One Advisors Managed Portfolios, a hybrid investment. Digitally powered automated monitoring and rebalancing combines with professional portfolio oversight within portfolios of low-cost, third-party ETFs.
The offerings were designed after a Capital One survey revealed that most investors prefer advice from a financial advisor in times of market volatility.