529 College Savings Plans
Enhance Discoverability, Transparency, and Reach for 529 College Savings Plans.
College savings is a very important piece of the financial planning life cycle for families and retail investors. Nasdaq Fund Network (NFN) partners directly with 529 State Plans and Asset Managers to register 529 Funds with a symbol and provide daily pricing for investors and advisors to track and monitor their financial performance.
As we have grown, more issuer partners are realizing the importance of providing real-time access and searchability to their customers. Issuers have an opportunity to get in front of this trend and enhance their offerings to investors and advisors before it is demanded.
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. It is an investment account that offers tax benefits when used to pay for such higher-education savings. A 529 college savings plan is sponsored by a state or state agency.
Where is your state on the map?
Nasdaq partners and collaborates with the 529 State issuers and asset managers to register the 529 CUSIP complete with a searchable ticker symbol. NFN provides critical price and Net Asset Value (NAV) information for advisors and investors for the 529 College Savings Plan space. Nasdaq then disseminates that NAV/price information to over 400 vendors and platforms, allowing for immediate price discovery and transparency.