Sumday Administration, LLC (“Sumday”), an affiliate of The Bank of New York Mellon, became the new program manager for NextGen 529 on September 13, 2021. Additionally, The Bank of New York Mellon (“BNYM”) now serves as the program custodian. BlackRock Advisors, LLC serves as the investment manager, and BlackRock Investments, LLC serves as the program distributor.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill”), a registered broker-dealer, continues to offer and provide services for the Client Direct Series, as the recordkeeping agent for that series. Merrill also offers and provides services for those Client Select Series accounts for which a Merrill advisor is the broker of record.
The Client Select Series continues to be available through authorized broker dealers that have entered into a selling agreement with the new program distributor. Servicing of Client Select Series accounts for which an authorized broker, other than Merrill, serves as the broker of record has transferred to BNYM. These communications will include the Sumday logo.
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Client Direct Program DescriptionClient Select Program Description
USRRMH0921U/S-1822911-1/1