Series 52: Omnibus Accounts

Taken from our Series 52 Top Off Online Guide

Omnibus Accounts

A large firm that has many customers with 529s may have an omnibus account with a 529 issuer. A 529 omnibus account is an account opened at a 529 issuer for a broker-dealer, instead of the issuer opening individual 529 accounts for the broker-dealer’s customers. The individual 529 accounts e

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Solomon Exam Prep Study Materials for the Series 52
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