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Home > Financial Services > Stock Brokers > Upromise Investments, Inc.

Upromise Investments, Inc.

Upromise Investments, Inc is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.

It was established in April 2001, Upromise Investments was created to help families save for college. By joining forces with some of America's leading companies, Upromise Investments allows families to get back a percentage of their everyday spending into their Upromise accounts. Upromise has built a simple way to help families.

Their College Fund is a powerful new 529 plan designed specifically to help families meet the rising cost of college. It offers a powerful combination of special features and tax benefits. Because your earnings are free from federal income tax, they can all be reinvested. This allows your account to grow at a faster rate than if you have invested in a comparable taxable account. Withdrawals used to pay for qualified higher education expenses are free from federal income tax, so all of your money can go toward paying for college and not taxes. The earnings portion of non qualified withdrawals will generally be subject to federal income tax and a 10 percent additional federal tax on earnings.

If you're looking to advance your career by taking classes or by pursuing a professional certification, then the Upromise Continuing Education Loan funded by Charter One Bank may be just the right loan for you. Plus, if you're a Upromise Investments member, your Upromise savings can be used to help pay down your loan by periodic automated transfer into your loan account.

The mission of Upromise Investments is to make college more affordable for American families. Upromise Investment's founders, management and financial backers have pledged a substantial portion of their equity in Upromise to the Upromise Education Foundation, a tax exempt, public charity devoted to expansion college opportunity by addressing the barriers faced by students from low income families.

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