J.P. Morgan launches New York's 529 Advisor-Guided College Savings Program
May 10, 2012
J.P. Morgan Investment Management, Inc, an affiliate investment advisor under J.P. Morgan Asset Management, assumed the role of investment manager for New York's 529 Advisor-Guided College Savings Program this week as more than 135,000 participant accounts were transferred to the new platform.
The Advisor-Guided Plan (formerly New York's 529 College Savings Advisor Plan) helps financial advisors and plan participants manage college savings in a tax-efficient way through broadly-diversified, investments. Through the Plan, participants can gain exposure to a variety of asset classes and strategies while continuing to benefit from tax and estate planning advantages. J.P. Morgan's wide-reaching distribution network allows investors to access the Plan through more than 128,000 financial advisors nationwide including any of Chase's 1,000 branches throughout the state of New York.