The transition from CollegeBoundfund to CollegeBound 529 is now complete.

CollegeBound 529 is committed to helping you grow your 529 plan business. We support your relationships with your clients and want to provide you with the tools and resources you need. Please contact us for additional details:

  • Sales Desk support: 800 410 4246
  • Client Service support: 877 615 4116

For reference, please review the information made available prior to the transition, found below.

 

Thank you for choosing CollegeBoundfund to support the college savings needs of your clients. CollegeBoundfund will soon go through some exciting changes to make it an even more attractive way to save for college. The State of Rhode Island has selected Invesco, a leading global investment management firm, and Ascensus College Savings, an industry leader in administering 529 college savings plans, to enhance CollegeBoundfund with new investment options, lower costs and expanded service offerings. Key information is described in the transition newsletter, which will be mailed to your clients in the coming weeks. Some of the exciting changes are highlighted below.

  • Beginning Monday, July 11, 2016, the program will be renamed CollegeBound 529. Invesco will become the investment manager and Ascensus College Savings will become the program manager.
  • A new and expanded investment selection will be offered. We will offer a three-tiered investment menu designed to help improve and simplify the investing experience while also achieving lower costs and greater flexibility.
  • The plan will offer the potential for lower fees on investments. By combining Invesco mutual funds with PowerShares exchange-traded funds (ETFs), investors may benefit from lower costs without sacrificing investment choice or diversification.
  • Clients will have improved web capabilities, with many transactions available online from their desktop, tablet or smart phone.
  • The plan will offer two additional ways for clients to save:
    • Ugift® is an easy, free service that enables family and friends to make the meaningful gift of money into a CollegeBound 529 account.
    • Upromise® by Sallie Mae® is a rewards program that allows your clients to earn cash back on eligible purchases to help pay for college education expenses.1
  • You will have online access to your clients' CollegeBound 529 account information through 529 QuickView following the transition.

There will also be ongoing marketing support, including wholesaler support, a complete suite of enrollment materials, product information, and prospecting tools.

We are working directly with your home office to ensure that all selling agreements are in order. Please contact your home office if you have questions about your firm's selling agreement.

What this means for you as a financial advisor

You will remain the financial advisor of record for your CollegeBound 529 accounts and will continue to receive compensation from each of those accounts, provided a selling agreement with Invesco is on file.

For clients who contribute via payroll deduction (direct deposit), separate instructions will be mailed in mid-June with information on how to continue payroll deduction contributions.

For more information about unit class offerings, compensation, sales charges, fees and other expenses, please see the new CollegeBound 529 Program Description, which you will receive by mail shortly after the transition date. This document may also be viewed online after the transition. Please read and consider it carefully.

Service and support

CollegeBound 529 is committed to helping you grow your 529 plan business. We support your relationships with your clients and want to provide you with the tools and resources you need, including:

  • Sales Desk support: 800 410 4246
  • Client Service support: 877 615 4116
  • A secure, dedicated advisor website with convenient account access through 529 QuickView, available at 529quickview.com or collegebound529.com
  • Enrollment materials and detailed product information
  • Valuable sales materials and prospecting tools

Get the information you need

For further details about the transition, review the transition newsletter and the CollegeBound 529 advisor FAQs. If you have additional questions, please call 800 410 4246.

We believe the new CollegeBound 529 offers you an excellent opportunity to demonstrate added value, and we look forward to continuing to build our relationship with both you and your clients.

 

1 Upromise rewards is an optional service offered by Upromise, Inc., is separate from CollegeBound 529, and is not affiliated with the State of Rhode Island. Specific terms and conditions apply. Participating companies, contribution levels, terms and conditions subject to change without notice. Transfers from Upromise to a CollegeBound 529 account are subject to a $25 minimum.

Upromise and the Upromise logo are registered service marks of Upromise, Inc. Ugift is a registered service mark of Ascensus Broker Dealer Services, Inc. All other marks are the exclusive property of their respective owners.

Please see the important legal information in the transition newsletter.