Bright Start Advisor-Sold College Savings Program is no longer available
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In November 2017, the Bright Start Advisor-Sold College Savings Program combined with the Illinois Bright Directions Advisor-Guided 529 College Savings Program. Investments in Bright Start Advisor-Sold College Savings Program accounts were automatically transitioned to the corresponding Bright Directions portfolios. The Bright Start Advisor-Sold College Savings Program has been terminated and all former Bright Start Advisor-Sold College Savings Program accounts are now bound and governed by the terms of the Bright Directions Advisor-Guided 529 College Savings Program Participation Agreement and Program Disclosure Statement. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- Inception2007
- State agencyIllinois State Treasurer
- Tax deduction
- Program ManagerUnion Bank & Trust Company of Lincoln, Nebraska
- Program distributorNorthern Trust Securities, Inc.
Investment Options
Investors in Bright Start Advisor-Sold College Savings Program can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.
