The Advisor-Guided 529 Plan is now available as part of your member benefits.
It’s a smart, simple way to help you save for college and give your loved ones the future they deserve.
Live or work in New York? The Advisor-Guided Plan allows contributions to be deducted from your
state income taxes each year.2 More about the plan
|1 Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. Tax and other benefits are contingent on meeting other requirements and certain withdrawals are subject to federal, state and local taxes.
2 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). Deductions may be subject to recapture in certain circumstances, such as rollovers to another state’s plan or non-qualified withdrawals.
|J.P. Morgan is the investment manager and distributor for New York’s 529 Advisor-Guided College Savings Program. Learn More
|NOT FDIC INSURED, MAY LOSE VALUE AND ARE NOT BANK GUARANTEED
|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 (formerly Upromise Investments, Inc., and Upromise Investment Advisors, LLC) serve as Program Manager and Recordkeeping and Servicing Agent, respectively, and are responsible for day-today 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.
© 2015 JPMorgan Chase & Co.
J.P. Morgan Asset Management, 270 Park Ave., New York, NY 10017
Contact Shaun Miller to learn more about starting your 529 college savings plan:
877-854-0529 or 518-690-7992