Service Description

Akin Investment offers "529b Educational Financial Planning" services, which appear to focus on advising clients about education savings, particularly via 529 college savings plans. These plans are tax-advantaged accounts created to help families save for future education costs, most commonly higher education, and sometimes K-12 tuition depending on the state and plan. The term "529b" as used by Akin Investments seems to reference their suite of educational savings planning services and is not an official IRS or statutory designation; the proper term used broadly in the industry is simply 529 plan. Key points about Akin Investment and 529 planning: Akin Investments is a financial advisor firm based in Charleston, SC, offering independent advisory services without selling financial products or taking custody of client funds. Their 529b service aims to help families develop an educational financial strategy, likely involving a review of 529 college savings plan options and guidance on contributions, investment choices, and plan management. 529 plans themselves are established under Section 529 of the Internal Revenue Code, providing tax advantages for education savings. There is no official "529b" plan recognized by the IRS or state sponsors. Services include personalized financial planning, wealth management, retirement planning, and estate planning, with education planning as one of the focal areas. If you are seeking to invest in a 529 plan, Akin Investments can consult with you on the most appropriate 529 plan options and strategy for your family's education savings goals, but there is not a separate IRS "529b" product—they offer advice on current 529 plans.