The Advantages of CollegeInvest for Your Clients

CollegeInvest savings plans offer unique benefits to your clients, including a 529 College Savings Program with a Colorado state tax deduction1 and the only Colorado 529 college savings plan that is FDIC-Insured.2

Savings can be used most anywhere in the country at eligible community colleges, public/private four-year colleges and universities, graduate and post graduate programs and even vocational and trade schools.3

Here are some helpful links to get you started: 
We Can Help! Call us at 303-376-8855 or contact one of our Advisors.

Vincent Sullivan: Advisor Relations Manager- CPA Specialist
Joseph Giulitto: Advisor Relations Manager
Jon Pagnozzi: Sales Director

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Mailing Address for Scholars Choice:

          Scholars Choice College Savings Program
          P.O. Box 9680
          Providence, RI 02940-9680
 

Helping You Help Your Clients

You make a living by answering the tough financial questions that keep your clients up at night. Due to the fact most families will have to incur educational expenses before retirement, these concerns about future education expenses can be even greater than their future retirement needs.

CollegeInvest is committed to helping families save for college by offering expert information, simple planning tools and a 529 College Savings Program with a Colorado state tax deduction.1

CollegeInvest is the state administrator of four distinct college savings plans offering special tax benefits to Colorado residents.  

  • Contributions made to any CollegeInvest college savings plan are eligible for a state of Colorado state income tax deduction worth 4.63%.1

  • Dollar for dollar tax deductions may be taken up to the amount of reported income on the contributor's tax return in the calendar year the contribution is made.1

The four plans eligible for the state tax deduction are:

  • Scholars Choice – the Advisor-sold plan managed by QS Legg Mason Global Asset Allocation, LLC

  • Direct Portfolio – managed by The Vanguard Group, Inc. and Ascensus College Savings

  • Smart Choice – an FDIC-insured savings option2 managed by the FirstBank Holding Company

  • Stable Value Plus – a guaranteed rate of return option managed by the Metropolitan Life Insurance Company of Connecticut (MetLife)

By carefully overseeing the portfolios, the investment managers seek to offer investors a wide selection of investment options among a broad range of asset classes to appeal to specific investment styles and risk tolerances.

Options include FDIC-insured CD products, guaranteed return funds; market based index funds, and actively managed equity funds.2
 


1 Contributions to the Plan(s) are deductible from Colorado State income tax in the calendar year of the contribution, up to your Colorado taxable income for that year.  Such deductions are subject to recapture in subsequent years in which non-qualified withdrawals are made.

2 Investments are not guaranteed by CollegeInvest, the State of Colorado, its agencies, The Vanguard Group, Inc., Ascensus College Savings, QS Legg Mason Global Asset Allocation, LLC, or FirstBank, and may lose value, including principal amount invested. The guarantee of Stable Value Plus College Savings Plans is the obligation of MetLife and only to the extent of the Funding Agreement. Smart Choice College Savings Plans are not insured by CollegeInvest, the State of Colorado, or its agencies. However, these funds are FDIC-insured in accordance with the current FDIC coverage limits.


Important Considerations
To learn about CollegeInvest’s 529 program, its objectives, risks, charges, expenses, limitations, restrictions and qualifications regarding the program's benefits and potential tax advantages, please read and consider carefully the Plan Disclosure Statements (PDS) available at www.collegeinvest.org before investing. Also, check with your or your beneficiary’s home state to learn if it offers tax or other benefits for investing in its own plan. Administered and issued by CollegeInvest.


Capacity of Dealer and Other Parties
CollegeInvest is the issuer of plan securities and is the trustee of the plans in accordance with Colorado law. CollegeInvest also oversees the Managers' activities and provides certain administrative services, such as marketing, audit, and financial statements, in connection with the plans.

Ascensus Broker Dealer Services, Inc. and Ascensus College Savings Recordkeeping Services LLC serve as Plan Manager for the CollegeInvest Direct Portfolio College Savings Plan and has overall responsibility for the day-to-day operations. The Vanguard Group, Inc. also serves as Plan Manager and Investment Manager for the CollegeInvest Direct Portfolio College Savings Plan, and Vanguard Marketing Corporation, an affiliate of The Vanguard Group, Inc., assists CollegeInvest with marketing and distributing the Direct Portfolio Plan. The Direct Portfolio Plan’s portfolios, although they invest in Vanguard mutual funds, are not mutual funds and you could lose money by investing in the plan. Vanguard Marketing Corporation, Distributor and Underwriter.

QS Legg Mason Global Asset Allocation, LLC, Investment Manager for the CollegeInvest Scholars Choice College Savings Program. Legg Mason Investor Services, LLC is the primary distributor of interest in the Program; together they serve as Manager of the Program.

FirstBank serves as the Plan Manager for the CollegeInvest Smart Choice College Savings Plan and has overall responsibility for the day-to-day operations, including effecting transactions.  FirstBank also assists CollegeInvest with marketing and distributing the CollegeInvest Smart Choice College Savings Plan.  FirstBank - Member FDIC.

The MetLife Insurance Company serves as the Investment Manager for the CollegeInvest Stable Value Plus College Savings Plan. CollegeInvest has overall responsibility for the day-to-day operations, including effecting transactions.

CollegeInvest and the CollegeInvest logo are registered trademarks of CollegeInvest. CollegeInvest Direct Portfolio College Savings Plan, Scholars Choice, CollegeInvest Smart Choice College Savings Plan, and CollegeInvest Stable Value Plus College Savings Plan are registered service marks of CollegeInvest. Vanguard is a trademark of The Vanguard Group, Inc. Ascensus College Savings is a trademark of Ascensus, Inc.


1 Contributions to the Plan(s) are deductible from Colorado state income tax in the calendar year of the contribution, up to your Colorado taxable income for that year. Such deductions are subject to recapture in subsequent years in which non-qualified withdrawals are made.
2 Smart Choice College Savings Plans are not insured by CollegeInvest, the State of Colorado, or its agencies. However, these funds are FDIC-insured in accordance with the current FDIC coverage limits.
3 To be eligible, an institution must participate in the US Department of Education’s Federal Student Aid (FSA) programs.


Important Considerations
To learn about CollegeInvest’s 529 program, its objectives, risks, charges, expenses, limitations, restrictions and qualifications regarding the program's benefits and potential tax advantages, please read and consider carefully the Plan Disclosure Statements (PDS) available at www.collegeinvest.org before investing. Also, check with your or your beneficiary’s home state to learn if it offers tax or other benefits for investing in its own plan.
 

Administered and issued by CollegeInvest.
CollegeInvest and the CollegeInvest logo are registered trademarks of CollegeInvest.