Backer serves as your investment adviser, recommending how best to save for college. We help you invest your college savings in a 529 plan and select the right portfolio for your family. If you don't already have a 529 plan account, we help you enroll in a low-fee, highly rated 529 plan and provide investment advice as your child starts his or her journey toward college. (If you already have a 529 plan account, you can connect it to Backer to take advantage of our ongoing investment advice, account management features, and gifting platform.)

Once your account is set up, Backer makes it easy to manage your child’s college fund through our website or app. Through our platform, you can set up one-time or recurring contributions, track your progress toward your savings goals, and update your investment portfolio selection. Once your child is ready to enroll in college, we help you make withdrawals to pay for qualified education-related expenses.

Our platform also lets you involve your family and friends in the savings process by creating a unique gifting page for your child that you can share on special occasions like birthdays and graduations. Your child's backers can continue to stay involved as your child progresses toward college, providing encouragement and motivation through contributions to the college fund.

Your 529 plan is where you will invest your college savings. The plan serves as the investment manager and recordkeeper. You will receive account statements from your selected 529 plan. Backer will continue to serve as your investment adviser, helping you manage your 529 plan account and make any investment changes, such as your portfolio selection.