Savvy Financial provides education financing benefit services, including 529 plan services, student loan repayment, student loan retirement match, tuition reimbursement, and loan advisory. SavvyFi primarily serves institutional clients (employers) but also maintains a limited number of direct (individual) client relationships. SavvyFi uses algorithms to forecast investment returns and college cost growth to help clients plan for education expenses.
Fee Structure
Savvy Financial offers services related to 529 plans.
For clients who sign up through their employer, SavvyFi is compensated by the employer based on a contract. For direct (individual) accounts, SavvyFi charges a monthly fee of up to $6 per account.
These fees are separate from the fees charged by the 529 plan's record keeper and custodian, which range from 0.14% to 0.16% annually.