Morningstar Investment Services, Inc, is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. Morningstar® Managed PortfoliosSM is offered by Morningstar Investment Services, Inc., a registered investment advisor, and is intended for citizens or legal residents of the United States or its territories. This program can only be offered by a registered investment advisor or investment advisor representative. Morningstar Investment Services is not affiliated with People’s Securities, Inc.
*Qualified withdrawals include tuition, room and board, books and other educational expenses.
Withdrawals for non-qualified expenses are subject to income tax and may face a 10% federal tax penalty on earnings.