Help Advisors Grow 529 Assets While Better Serving Their Investor Clients.
Broadridge offers a two-pronged approach to eliminate the complexity associated with 529 Plan transactions and help advisors to increase revenues while better serving their customers.
FundPoint® for 529 Plans
529 Plans are long-term investments with advantages that are hard to pass up including tax-free treatment, easy investing, no eligibility restrictions, and total donor control.
An all-inclusive web application that enables advisors to:
Get up-to-date information on thousands of investment options available to potential 529 Plan customers
Facilitate plan-to-plan comparisons including tax advantages of in-state versus out-of-state plans
Conduct share class suitability analysis and fulfill the obligation to communicate correct breakpoints to customers
Calculate fees and commissions with a single mouse click
Provide point-of-sale disclosure using professional-grade data
Powered by FundPOINT Data – the only 529 Plan data feed that is updated daily at the share class level – FundPOINT Desktop for 529 Plans is desiged to assure data integrity with centralized quality control and rigorous review by audit engineers and semi-automated processes.
FundPOINT Desktop for 529 Plans is designed to facilitate the workflow for these members at your firm:
Sales Managers – Increase assets under management, generate quick return on investment, and retain advisors
Advisors – Improve productivity, eliminate paper, and gather more investor assets
Compliance Officers – Mitigate compliance risk with a firm-wide solution for satisfying FINRA and MSRB requirements
Operations Staff – Easily perform trade monitoring and verification
IT Managers– No need to build anything in-house; FundPOINT Desktop for 529 Plans is a plug and play utility
FundPoint® 529 Plan Data
For financial institutions facing various challenges presented by 529 Plan information, Broadridge's FundPoint 529 Plan Data product can become an essential foundation to access accurate information from multiple sources that can be used to:
Provide important disclosures to customers;
Perform 529 Plan transaction edits and supervision;
Provide background information for completion of 529 applications;
Calculate fees and commissions; and
Verify breakpoints and state tax advantages.
Backed by Broadridge's process technology for sourcing 529 Plan data from multiple sources, FundPOINT 529 Plan Data offers a streamlined, centralized approach to access 56 data points for 529 Plans – improving operational efficiency and accuracy.
FundPOINT 529 Plan Data is a vital data feed for:
Broker-Dealers – FundPOINT 529 Plan Data can be used to help brokerage firms meet MSRB disclosure requirements, help fulfill their obligations to offer correct breakpoints to customers, and perform trade monitoring and verification.
Financial Advisors – FundPOINT 529 Plan Data helps advisors provide accurate information to investors regarding sales loads, fee calculations, and overall 529 Plan suitability.
Program & Investment Managers – Operations staff at these firms can use FundPOINT 529 Plan Data for trade edits, transaction processing, and supervisory filters.
Service Providers – Intermediaries, recordkeepers, and trust organizations need accurate plan information to help their clients perform 529 Plan investment trading, audit transactions, correctly process trades, and calculate fees and commissions.