Financial Advisors: Help your clients reach their college savings goals

Why choose New York's 529 Advisor-Guided College Savings Program for your clients?

  • A flexible, tax-advantaged way to save. No matter what your client's needs or financial situation, the Advisor-Guided Plan offers a range of federal and state tax savings, estate planning and many other features that can make saving for college a more reachable goal for your clients.
  • Special tax benefits for New York state taxpayers. 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).Footnote1
    Learn more about the tax benefits of the Advisor-Guided Plan
  • The J.P. Morgan advantage. All 529 college savings plans are designed to help you save for college, but not all plans are created equal. Although certain states may offer special incentives for investing in the home state's plan, your clients will need to weigh potential tax advantages against other features, such as quality of investment options, performance and plan fees, in order to make an informed decision. The Advisor-Guided Plan is the only college savings plan that offers your clients both the investment expertise of J.P. Morgan and its Global Multi-Asset Group as well as the unique tax benefits offered by a 529 college savings plan.
 

Educate your clients about the importance of college savings

Take this opportunity to educate your clients about the costs of a college education, the importance of tax-advantaged savings and how New York's 529 Advisor-Guided College Savings Program can help them save for the future costs of higher education.

Learn more about why you should talk to clients about New York's 529 Advisor-Guided College Savings Program

Begin footnote 1 content.Return to footnote reference 1 Deductions may be subject to recapture in certain circumstances, such as rollovers to another state’s plan or non-qualified withdrawals.Return to footnote reference 1End footnote 1 content.

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FAQ
How do plan assets affect financial aid eligibility?
FAQ
For federal financial aid purposes, Advisor-Guided Plan accounts are considered to be an asset of the account owner. For example, if a parent is the account owner a maximum of 5.64% of plan assets are factored into financial aid formulas. That rate goes up to 20% for student-owned accounts such as UGMAs/UTMAs.