Skip navigation

529's at RIA's

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Jul 21, 2010 1:55 pm

Can an RIA maintain 529 accounts?  I would assume so, but wasn't sure.  Who becomes "broker of record" on the account - the custodian?

Jul 21, 2010 8:32 pm

Yes, 529 Plans can be offered by Fee-Only RIAs.  Some vendors like American Funds for example, can assist you in this.  I believe American Funds manages the 529 plan for The Commonwealth of Virginia.  Other states like Arkansas, have rolled out a solution to help 529 plan participants work with a fee-only advisor.  Check with your respective state and inquire.  It is certainly possible and best wishes to you.

Jul 22, 2010 1:10 pm

Thanks Fred.