In May 2012 New York's 529 College Savings Program was renamed New York's 529 Advisor-Guided College Savings Plan. Ascensus Broker Dealer Services, Inc. (formerly Upromise Investments, Inc.) serves as Progam Manager but J.P. Morgan Investment Management replaced Columbia Management Group, LLC as the plan's Investment Manager. The plan features age-based, static asset-allocation, and single-fund portfolios utilizing mutual funds from JPMorgan and SSGA. Accounts can be linked to the Upromise rewards service. To find a financial advisor in your area, use the Directory of Financial Professionals.
- Program typeSavings
- Inception2003
- State agencyOffice of the State Comptroller and the New York State Higher Education Services Corporation
- Tax deduction
- Program ManagerAscensus Broker Dealer Services, Inc.
- Program distributorJPMorgan Distribution Services, Inc.
Investment Options
Investors in New York's 529 Advisor-Guided College Savings Plan 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.
| Portfolio | E.R. | %Â Equity | 1YR Performance |
|---|---|---|---|
| JPMorgan 529 Age-Based 9-10 Portfolio | 0.92% | 75% | 14.98% |
| JPMorgan 529 Age-Based 13 Portfolio | 0.89% | 55% | 12.04% |
| JPMorgan 529 Age-Based 17 Portfolio | 0.82% | 25% | 7.54% |
| JPMorgan 529 Age-Based 0-5 Portfolio (Aggressive) | 0.92% | 95% | 17.69% |
| JPMorgan 529 Age-Based 11-12 Portfolio (Moderate) | 0.9% | 65% | 13.46% |
| JPMorgan 529 Age-Based 6-8 Portfolio (Moderate Growth) | 0.92% | 85% | 16.38% |
| JPMorgan 529 Age-Based 15-16 Portfolio (Conservative) | 0.84% | 35% | 8.83% |
| JPMorgan 529 Age-Based 14 Portfolio (Conservative Growth) | 0.87% | 45% | 10.54% |
| JPMorgan 529 Age-Based 18 Years and Over (College) | 0.78% | 20% | 7.04% |
