For Financial Advisors

An advisor-friendly 529 college savings plan

Your No. 1 job is to help your clients realize their financial goals. One goal many clients have is to save for college.

my529 is a clear, focused, and practical 529 plan that works for your clients — and you.

  • Benefits for your clients.
  • Benefits for you.

Benefits for your clients

By encouraging clients to invest with my529, you are showing them your commitment to building a thoughtful education investment portfolio. You are also demonstrating your sound financial judgment, not only with investing, but also with tax policy and fee management.

Key benefits of my529:

  • Diversified, low-cost investment options using Vanguard and Dimensional funds, and FDIC-insured accounts.
  • Tax-deferred growth.
  • Tax-free withdrawals for qualified higher education expenses, including K-12 tuition expenses.
  • No minimum investment requirements or startup fees.
  • Easy online and automated contribution options.
  • Simple rollover process.
  • Utah state income tax credits for Utah taxpayers.

Tools for you

my529 has many ways to assist you in guiding your clients toward their goal of saving for qualified higher education expenses, including K-12 tuition expenses.

Key features:

  • Open accounts online for multiple clients at the same time.
  • Limited power of attorney allows you to view and manage accounts. Set it up for clients at the same time you open their my529 accounts.
  • Data integration solutions allow you to seamlessly link your client’s my529 account to your portfolio management system.
  • Powerful online access simplifies the process.
  • A robust set of investment options, including customizable investment options, allows you to effectively guide your clients as they choose their best investment strategy.
  • Customized calculator makes it easy to build education investment portfolios and save templates for future clients.
  • Forms and documents can be completed online or downloaded as PDF files.
  • A professional services team to assist you is only a phone call away at 888.529.1886.
  • my529 earned Morningstar’s Analyst Rating™ of Gold for 2021. It was the 11th straight year my529 won Morningstar’s highest honor.
  • Contact Us
  • Phone: 800.418.2551
  • Fax: 800.214.2956
  • Email: info@my529.org

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Please Read. This Is Important.

Do not invest with my529 until you read the Program Description.

Read our Legal Notice & Disclaimer. If you are going to invest your money in a my529 account, we encourage you to learn how our college savings plan works. The Program Description explains the investment options, rules on contributions and withdrawals, tax benefits, fees, and risks. Your investment could lose value. Except for the FDIC-insured option, my529 investments aren’t guaranteed.

Important Legal Notice

Investing is an important decision. The investments in your account may vary with market conditions and could lose value. Carefully read the Program Description in its entirety for more information and consider all investment objectives, risks, charges and expenses before investing. For a copy of the Program Description, call 800.418.2551 or visit my529.org.

Account Value. Investments in my529 are not insured or guaranteed by my529, the Utah Board of Higher Education, the Utah Higher Education Assistance Authority Board of Directors, any other state or federal agency, or any third party. However, Federal Deposit Insurance Corporation (FDIC) insurance is provided for the FDIC-Insured investment option. In addition, my529 offers investment options that are partially insured for the portion of the respective investment option that that includes FDIC-insured accounts as an underlying investments. Units in my529 have not been registered with the United States Securities and Exchange Commission or with any state securities commission.

FDIC insurance is subject to limits set by federal law. Click here for more information about FDIC Insurance.

Non-Utah Taxpayers and Residents. The state in which you or your beneficiary pay taxes or live may offer a 529 plan that provides state tax or other benefits, such as financial aid, scholarship funds, and protection from creditors, not otherwise available to you by investing in my529. You should consider such benefits, if any, before investing in my529.

Consult an advisor. my529 does not provide legal, financial, investment, or tax advice, and the information provided on this website does not contain advice and cannot be construed as such or relied upon for those purposes. You should consult your own tax or legal advisor to determine the effect of federal and state tax laws on your particular situation.

Morningstar rating. A Morningstar Analyst Rating for a 529 college savings plan is not a credit or risk rating. Analyst ratings are subjective in nature and should not be used as the sole basis for investment decisions. Morningstar does not represent its analyst ratings to be guarantees. Please visit Morningstar.com for more information about the analyst ratings, as well as other Morningstar ratings and fund rankings.