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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.

Our Ratingx

Fee Scorex

N/A

Performancex

N/A

  • Program typeSavings
  • Inception2016
  • State agency
    Board of Trustees of the State of Nevada
  • Tax deduction
    Tax deduction for single filers None
    Tax deduction for joint filers None
  • Program Manager
    Ascensus Broker Dealer Services, Inc.
  • Program distributor
    Wealthfront Brokerage Corporation
  • Manager contract termUNLOCK PRO

Ratings & Rankings

Our overall rating for NV residents

This is a recent program and does not yet have a 5-Cap Rating assigned.

Our overall rating for non-residents

This is a recent program and does not yet have a 5-Cap Rating assigned.

Savingforcollege.com's 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.


N/A

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.

Eligibility

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

Contributions

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

Investment Options

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:

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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

Note

Nevada doesn't offer tax deductions

Program match on contributions:

None

State tax deduction or credit for contributions:

Not applicable. Nevada does not have a personal income tax.

State definition of qualified expenses

The state conforms with the federal definition of qualified education expenses, which includes expenses for higher education, as well as up to $10,000 per year in tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school.

State tax treatment of qualified distributions:

Not applicable. Nevada does not have a personal income tax.

Does the sponsoring state exclude the value of an account for state financial aid purposes?

No

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

No

Does the program have a formal agreement with a rewards program or outside scholarship program?

Yes, the Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Upromise Helps Families Save for College

Upromise Helps Families Save for College

Statutory protection of an account from creditors:

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Distributions & Terminations

To whom are distributions made payable:

Eligible educational institution, beneficiary, or account owner, as directed by the account owner.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership.

Documents, Access & Reporting

Does participant have online password-protected access to account?

Yes

Can the complete enrollment process including funding be done online?

Yes

Documents and other services accessible or downloadable on the program's public Web site:

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Contact

Website:

http://www.wealthfront.com/529

Telephone:

650-249-4250

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