True Autonomy
Part of true independence with Sovereign means that we will continue to offer our advisors more options that fit your business. We believe that regardless of the type of advisor, it's up to us to provide the right infrastructure in order for you to succeed.
When you select the model that best fits your practice, know that whatever path you choose, you can rely on us to deliver flexible, holistic support that works for you today and as your business grows.
College Savings Plans
College can be a huge financial burden on a family. But if planned for, it doesn't have to be.
Learn about the different ways to plan for College.
ESAs
Coverdell ESAs offer potential: tax benefits, flexibility of who holds account, income caps on owner, allows corporations to participate, can be used for educational expenses through K -12 & college, & can be rolled over between relatives.
529s
529s offer the potential for: tax advantages, can be rolled over to siblings, flexible contributions, and growth potential determined by your state & individual circumstances.
IRAs & Annuities
IRAs and Annuities are predominately investment vehicles for retirement, and while not often used for education savings offer potential benefits: multiple types with different tax advantages, potential for higher interest rates to compound the college savings, and some offer insurances that account balances won’t fall below certain amounts. potential benefits: multiple types with different tax advantages, potential for higher interest rates to compound the college savings, and some offer insurances that account balances won’t fall below certain amounts.
UTMA/UGMAs
UGMA/UTMAs offer the potential for: tax advantages, flexible use of funds (not just on college expenses), counted on the FASFA as student's income and affects Financial Aid Eligibility.
Prospective Clients: Connect with an Advisor
Complete the form below and an advisor will reach out to you shortly, or call 866.790.9700 to speak with someone right away.