Summer 2024
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my529’s Investment Manager Series: PIMCO Interest Income Fund and FDIC-Insured
my529 offers multiple principal preservation products, including the PIMCO (Pacific Investment Management Company) Interest Income Fund and our FDIC-Insured accounts. The PIMCO Interest Income Fund is a separately managed stable value fund. It is available in our Target Enrollment Date, Static and Customized investment options. This fund focuses on preserving principal and providing liquidity while…
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my529’s Investment Manager Series: Vanguard
In 1999, my529 (known as Utah’s Educational Saving Plan at the time) looked to expand their investment options, allowing account owners a greater range of investment choices from conservative to aggressive. Two Vanguard funds were introduced, chosen for their low-cost funds that aligned with my529’s investment philosophy. Today, my529 offers 20 underlying Vanguard funds through…
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Help your clients with Gen Z dependents explore various higher education paths
High school graduates have more education options than ever, and with that increased variety, your savvy clients want to be certain that their investments of time and money will pay off. Market factors like artificial intelligence are reconfiguring the workforce, leading many recent high school graduates to consider apprenticeships, trade schools, technical colleges and additional…
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Changes for three Vanguard funds affect underlying fund expenses
Changes to three Vanguard funds used in my529 investment options in April and May could impact underlying fund expenses for your clients. my529 passes on underlying fund expense changes to account owners, regardless of whether it’s a cost savings or increase. In May, the volume of investments in a Vanguard fund used in several my529…
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Administrative Asset Fee reduced by 1 bps for all investment options
On August 1, 2024, my529 dropped the Administrative Asset Fee by one basis point for every my529 investment option, including Customized options. This change is expected to save clients who work with advisors a collective $322,000 annually. Investment Option Prior Fee New Fee Cost per $1,000 invested annually Target Enrollment Date 0.100% 0.09% $0.90 Static…
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Keeping your information up to date with my529
Is your firm’s information up to date with my529? Updating your contact information is easy and important to do. As financial advisors, it is crucial to regularly update your information to ensure accuracy and compliance with regulations. This proactive approach not only helps you better serve your clients, but also demonstrates your commitment to their…
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Make sure your clients have a signature card on file so they can access their funds
Want to streamline your client’s my529 experience? Have them add a signature card to their my529 account. Providing a signature card is an important step in safeguarding your clients’ financial accounts. Without a signature card on file, there will be a delay in processing transactional forms. Keep in mind, if your firm traditionally opens accounts…
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We want to hear from you!
The my529 Financial Advisor portal now has an orange feedback button listed on the right side of the screen where you can provide us with valuable feedback about your my529 experience. Let us know what you think about our site, our services, or any features and functionality you would like to see. We read every…
