College Savings: What professionals need to know

A college savings solution offering unique state and federal tax benefits and a wide range of investment portfolios for over 25 years.

Key facts

  • A direct-sold plan well-suited to the priorities of financial professionals: Edvest 529 provides low expenses, a disciplined investment approach, as well as support and services tailored to the needs of advisors.
  • Wisconsin tax benefits: Receive tax free growth and distributions when used for qualified higher college expenses. Edvest 529 is the only direct-sold plan to provide a Wisconsin state tax deduction of up to $3,860$4,000 annually per beneficiary from contributions made into an Edvest 529 College Savings Plan (married couples filing separately and divorced parents may claim a maximum of $1,930$2,000).
  • Flexible use portfolios to help minimize impact of changing client needs or priorities: Qualified withdrawals are approved for a wide range of education experiences and expenses and can be used nationwide and many schools abroad.1
  • A disciplined set of investment portfolios: Edvest 529 offers a full suite of self-adjusting Enrollment Year Investment Portfolios that utilize a progressive glidepath, which creates a more gradual shift in asset allocation . In addition, Edvest 529 offers Multi-Fund and Single Fund Investment Portfolios, allowing for more control over allocations, and the Principal Plus Interest Portfolio, allowing for more control over allocations. Investment Portfolios are managed by a dedicated 529 investment team and use funds from leading asset managers.Edvest 529 offers a full suite of self-adjusting Enrollment Year Investment Portfolios as well as Multi-Fund, Single-Fund, and Principal Plus Interest Portfolios allowing for more control over allocations.
  • Estate tax and legacy planning benefits:
    • Estate tax and Kiddie tax exempt. Generation skipping tax exemption eligible.
    • An account owner is able to seed their account with a large upfront contribution—a lump sum gift of $85,000$90,000 if you’re a single filer or $170,000$180,000 if you’re married—and pro-rate the gift over 5 years per the federal gift tax exclusion (as of 20232024).
    • There is no limit on the number of accounts/beneficiaries.
    • The account owner maintains control over their assets.
  • Simplified 529 account management: Client can access data easily and quickly with Ascensus QuickView.
  • Planning tools and sharable resources: Our College Savings Calculator explores funding scenarios, considering age, contribution levels, school choice as well as assumptions for Return on Investment (ROI) and cost inflation.

What can you do?

  • Include college savings as part of your periodic goal discussions.
  • Encourage your clients to have dedicated college savings accounts, as this may reduce the temptation to use retirement assets for their college savings.
  • Make sure college savings are invested in vehicles with appropriate risk-reward profiles, and that your clients take advantage of available tax benefits.
  • Use our Enrollment Year Investment Portfolios on their own or fine-tune their risk/global exposure by mixing with an allocation of our Multi-Fund or Single Fund Investment Portfolios.Use our Enrollment Year Investment Portfolios on their own or fine-tune an allocation of Multi-Fund or Single-Fund Investment Portfolios.

Helpful resources

Manage your client’s accounts with 529 QuickView®

Need some help?

Give us a call

888-338-3789

Monday - Friday
7:00 AM - 9:00 PM CT

For those with a hearing impairment, please contact us at the number above via a relay service. Translation services available upon request.

Technical questions

For access, password reset and computer-related issues, call the dedicated 529 QuickView Help Desk

888-823-4348

Monday - Friday
7:00 AM - 5:00 PM CT

QuickView Help Desk Online

More to explore

  • Compare investment portfolios 

    We make it easy to choose investment portfolios that fit your financial needs and savings goals.

    Discover your options
  • College Savings Calculator

    Explore different scenarios to help you achieve your college savings goals.

    Use our calculator
  • See how your savings add up

    Use our calculator to get a quick estimate of how much you could save for education.

    Estimate your savings