General InformationDownload PDF Report
Wealthfront 529 College Savings Plan
The Wealthfront 529 College Savings Plan is an advisor-sold plan sponsored by the State of Nevada with Ascensus Broker Dealer Services, Inc. serving as program manager. Wealthfront is a completely online platform serving as an automated investment adviser. Wealthfront conducts a risk assessment for each account owner and, in combination with the beneficiary's expected enrollment date, allocates its participants to one of twenty custom portfolios. These portfolios may be allocated among up to nine mutual funds and ETFs from iShares and Vanguard.
- Program typeSavings
- State agencyBoard of Trustees of the State of Nevada
- Tax deductionTax deduction for single filers NoneTax deduction for joint filers None
- Program ManagerAscensus Broker Dealer Services, Inc.
- Program distributorWealthfront Brokerage Corporation
- Manager contract termUNLOCK PRO
Ratings & Rankings
Our overall rating for non-residents
This is a recent program and does not yet have a 5-Cap Rating assigned.
Each plan's performance score is developed directly from Savingforcollege.com's Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.
State residency requirements:None
Who can be a participant/owner in the program?U.S. citizens and resident aliens, and legal entities.
Significant time or age restrictions imposed by the program:None
Maximum contributions:Accepts contributions until all 529 account balances in Nevada's 529 plans for the same beneficiary reach $370,000.
Minimum contributions:$500 minimum initial contribution. Subsequent contributions must be at least $100
Age-based investment options:Wealthfront designs an individual portfolio for each account owner based on a risk tolerance assessment. An account owner's individual portfolio is assigned to one of 20 glide paths, each of which determines how the portfolio's asset allocations will change over time. Each glide path gradually shifts the asset allocations of the underlying or "Designated Portfolios" in an individual portfolio to progressively decreasing levels of expected risk as the college enrollment date approaches.View more age-based investment options
Underlying investments:Vanguard and iShares ETFsView a full list of this plan's investment options
Underlying fund allocations:UNLOCK PRO
Fees & Expenses
Enrollment or application fee:None
Account maintenance fee:None
Program management fees:0.06% (includes 0.01% Board Fee) plus advisory fee of 0.25%. The 0.25% advisory fee is waived for the first $10,000 ($25,000 for Nevada residents) of assets under management.
Expenses of the underlying investments:Glide path fees range from 0.12% - 0.15%. Individual underlying portfolio fees range from 0.05% to 0.40%.
Total asset-based expense ratio:The portfolio glide paths range from 0.43% to 0.46%. Individual underlying portfolios range from 0.11% - 0.71%. Final expenses may be lower as the 0.25% advisory fee portion is waived for the first $10,000 ($25,000 for Nevada residents) of assets under management.
Taxes and other Benefits
- Tax deduction for single filersNone
- Tax deduction for joint filersNone
Nevada doesn't offer tax deductions