Fidelity Advisor 529 New Account Application Form

What is the Fidelity Advisor 529 New Account Application Form

The Fidelity Advisor 529 New Account Application Form is a crucial document for individuals looking to establish a 529 college savings plan through Fidelity. This form allows account holders to set up an investment account specifically designed to save for educational expenses. The Fidelity Advisor 529 plan offers tax advantages, such as tax-free growth and tax-free withdrawals for qualified education expenses. By completing this form, individuals can take an important step towards funding their educational goals or those of their beneficiaries.

How to use the Fidelity Advisor 529 New Account Application Form

Using the Fidelity Advisor 529 New Account Application Form involves several straightforward steps. First, ensure you have all necessary personal information, including Social Security numbers and contact details for both the account owner and the beneficiary. Next, fill out the form accurately, providing details about the investment options you wish to select. After completing the form, review it for any errors or omissions. Finally, submit the form electronically or by mail, ensuring that it is sent to the correct address for processing.

Steps to complete the Fidelity Advisor 529 New Account Application Form

Completing the Fidelity Advisor 529 New Account Application Form requires careful attention to detail. Follow these steps:

1. Gather necessary information, including Social Security numbers, addresses, and financial details.
2. Fill out the personal information section for both the account owner and the beneficiary.
3. Select your preferred investment options, which may include various portfolios based on risk tolerance.
4. Review the completed form to ensure all sections are filled out correctly.
5. Sign and date the form electronically or in ink if submitting by mail.
6. Submit the form to Fidelity through the designated method, either online or via postal service.

Legal use of the Fidelity Advisor 529 New Account Application Form

The Fidelity Advisor 529 New Account Application Form is legally binding once completed and submitted. It adheres to the regulations set forth by the Electronic Signatures in Global and National Commerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA). These laws ensure that electronic signatures and documents are recognized as valid and enforceable. When using this form, it is essential to understand that the information provided must be accurate and truthful, as any discrepancies could lead to legal implications.

Required Documents

To successfully complete the Fidelity Advisor 529 New Account Application Form, certain documents may be required. These typically include:

• Proof of identity for the account owner, such as a driver's license or passport.
• Social Security number for both the account owner and the beneficiary.
• Financial information to determine investment options, including income and other relevant details.

Having these documents ready can streamline the application process and help ensure accurate completion of the form.

Form Submission Methods

The Fidelity Advisor 529 New Account Application Form can be submitted through various methods. These include:

• Online submission via the Fidelity website, which allows for a quick and efficient process.
• Mailing a printed version of the form to the designated Fidelity address.
• In-person submission at a Fidelity branch, if preferred.

Choosing the right submission method depends on personal preference and the urgency of establishing the account.