Which methods are available for offering a 529 plan?

The correct choice encompasses the two primary ways investors can obtain a 529 plan: purchasing it directly or through an adviser.

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. Investors can choose to manage their investments independently by purchasing the plan directly from the state or financial institution offering it. This approach often allows for a straightforward selection of investment options without the added costs that might come from adviser involvement.

On the other hand, many individuals also prefer advisory services to navigate the potentially complex selection process involved in 529 plans. Financial advisers can provide tailored advice based on the individual's financial situation and educational goals, thus helping investors make informed decisions.

This dual method of offering a 529 plan provides investors flexibility in how they approach saving for education, making it accessible to a broader range of individuals based on their comfort level with investing and their financial knowledge.

The other choices limit the options available to investors, either excluding one channel entirely or suggesting an unconventional approach that doesn't align with common practices in offering financial products like 529 plans.