New York's 529 College Savings Program Advisor Plan

The Comptroller of the State of New York and the New York State Higher Education Services Corporation are the Program Administrators and are responsible for implementing and administering the Advisor Plan. Upromise Investments, Inc. serves as the Program Manager and has responsibility for certain administrative and recordkeeping services for the Plan, including assisting Columbia Management Group, LLC (“Columbia Management”) with effecting transactions. These entities are not affiliated with Columbia Management. Columbia Management through its affiliates is investment manager of New York’s 529 College Savings Program Advisor Plan. Columbia Management is the investment management division of Bank of America Corporation. Columbia Management entities furnish investment management services and products for institutional and individual investors. New York’s 529 College Savings Program Advisor Plan and Columbia Funds are marketed and distributed by Columbia Management Distributors, Inc., member FINRA and SIPC. Columbia Management Distributors, Inc., is part of Columbia Management and an affiliate of Bank of America Corporation.

No guarantee: None of the State of New York, its agencies, the Federal Deposit Insurance Corporation (FDIC), Columbia Management, Upromise Investments, Inc. or their affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment. The value of your account will vary based on market conditions and the performance of the investment options you select, and may be more or less than the amount you invest. Tax benefits are subject to certain limitations, and certain withdrawals are subject to federal, state and local taxes.

New York’s 529 College Savings Program currently includes two separate 529 plans. The Advisor Plan is sold exclusively through financial advisors who have entered into Advisor Plan selling agreements with Columbia Management Distributors, Inc. You may also participate in the Direct Plan, which is sold directly by the Program and offers lower fees. However, the investment options available under the Advisor Plan are not available under the Direct Plan. The fees and expenses of the Advisor Plan include compensation to the financial advisor. Be sure to understand the options available before making an investment decision.

If you or the beneficiary are a resident or taxpayer of another state, before you invest consider whether your or the beneficiary’s home state offers a 529 Plan with tax or other benefits that are only available for investments in that plan. You should consult your qualified tax advisor.

New York’s 529 College Savings Program Advisor Plan is described in its current applicable Program Brochure and Tuition Savings Agreement. Accounts are opened by completing an Enrollment Application. Call your financial advisor or Columbia Management at 800.774.2108 or visit www.ny529advisor.com to obtain a Program Brochure and Tuition Savings Agreement, which includes the investment objectives, risks, charges, expenses and other important information. Read it carefully before investing. Columbia Management Distributors, Inc., distributor and underwriter.