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About New York's 529 Advisor-Guided College Savings Program


Sponsored by the State of New York, the Advisor-Guided Plan provides a tax-advantaged way for families to save for the future costs of higher education    

Choose the only 529 plan offering a full suite of J.P. Morgan's insights and investments. As an investor, you receive more than investments from a knowledgeable manager. You also gain insights that can only come from more than a century of helping clients like you achieve their goals. From website resources to investor services, our experienced professionals share their best ideas on making informed, intelligent decisions with your college dollars.

Account owners who are New York taxpayers can deduct up to $5,000 in contributions from their state income taxes each year ($10,000 if married filing jointly).1

In some states, contributions to any 529 plan are eligible for the state's income tax deduction, and residents are not required to choose the in-state plan to get the benefit. Your financial advisor or tax advisor can provide additional details. 

INVESTMENTS ARE NOT FDIC INSURED / NO BANK GUARANTEE / MAY LOSE VALUE

Before you invest, consider whether your or the beneficiary's home state offers any state tax or other benefits that are only available for investments in that state's qualified tuition program.

The Comptroller of the State of New York and the New York State Higher Education Services Corporation are the Program Administrators and are responsible for implementing and administering the Advisor-Guided Plan .
Neither the State of New York nor its agencies insures accounts or guarantees the principal deposited therein or any investment returns on any amount or investment portfolio.

Ascensus Broker Dealer Services, Inc. and Ascensus Investment Advisors, LLC

serve as Program Manager and Recordkeeping and Servicing Agent, respectively, and are responsible for day-to-day operations, including effecting transactions. J.P. Morgan Investment Management Inc. serves as the Investment Manager. J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. JPMorgan Distribution Services, Inc. markets and distributes the Advisor-Guided Plan. JPMorgan Distribution Services, Inc. is a member of FINRA/SIPC .

New York's 529 College Savings Program includes two separate 529 plans. The Advisor-Guided Plan is sold exclusively through financial advisors who have entered into Advisor-Guided Plan selling agreements with JPMorgan Distribution Services, Inc. You may also participate in the Direct Plan, which is sold directly by the Program and offers lower fees. However, the investment options available under the Advisor-Guided Plan are not available under the Direct Plan. The fees and expenses of the Advisor-Guided Plan include compensation to the financial advisor. Be sure to understand the options available before making an investment decision.

For more information about New York's 529 Advisor-Guided College Savings Program, you may contact your financial advisor or obtain an Advisor-Guided Plan Disclosure Booklet and Tuition Savings Agreement at www.ny529advisor.com or by calling 1-800-774-2108. This document includes investment objectives, risks, charges, expenses, and other information. You should read and consider it carefully before investing.

The Program Administrators, the Program Manager and JPMorgan Distribution Services, Inc., and their respective affiliates do not provide legal or tax advice. This information is provided for general educational purposes only. This is not to be considered legal or tax advice. Investors should consult with their legal or tax advisors for personalized assistance, including information regarding any specific state law requirements.

 


Category: Advisor

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