J.P. Morgan Wealth Management Eliminates Upfront Fee on 529 Plans
Industry-leading commitment makes education investing more accessible
College tuition costs are rising 6.3% every year, according to J.P. Morgan’s College Planning Essentials report. 529 plans provide a tax-advantaged way for families to invest for the future costs of higher education. Some also can help cover costs of K-12 tuition, vocational school and registered apprenticeships. There are no income limits on contributions or age restrictions on beneficiaries, unlike other types of accounts often used for education.
J.P. Morgan Wealth Management advisors will offer select 529 plans without the sales charge, which for advisor-sold investments can be as high as 5.75%. Other fees and expenses will continue to apply.
To learn more about J.P. Morgan Wealth Management’s education planning offerings, visit https://www.chase.com/personal/investments/education/529
To read about common misconceptions about 529 plans and how they can help families invest for college, visit The Know, J.P. Morgan Wealth Management’s investing education center: https://www.chase.com/personal/investments/learning-and-insights/article/529-all-the-latest-insights
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