Products October 10, 2002

Morningstar Introduces 529 Advisor

October 10, 2002 (PLANSPONSOR.com) - Morningstar has a new product that could make it easier for financial advisors to pick the best 529 College Savings plan for their clients.
Reported by

Available on  the company’s Web site for financial advisors , Morningstar said 529 Advisor includes:

  • exclusive built-in tax-benefit calculator for in-state programs
  • reports that offer a variety of information such as total returns, fees, Morningstar Ratings, portfolio and sector weightings, and asset allocation statistics on a plan’s funds
  • allows advisors to quickly screen Morningstar’s 529 database based on their specific search criteria
  • the Funding Forecaster, which takes a client’s investment amount, time horizon, and savings goal, and calculates the probability that a particular plan will meet the target. Returns for in-state plans are adjusted to reflect tax benefits
  • presents hypothetical reports that illustrate how recommended 529 plans would have fared in a variety of historical market conditions.

«