For more than 30 years, investment professional Allison Clago has worked to help individuals and business clients meet their financial goals. In her role as managing director of investments with Wedbush Securities, her areas of focus include asset allocation, investment analysis, and retirement planning. Allison Clago also has experience with college funding options such as 529 plans, savings accounts that come with tax advantages that make it easier for families to save for college or K-12 education costs. Created by the US Congress over two decades ago, 529 plans take their name from Section 529 of the Internal Revenue Code, which authorizes this type of educational savings arrangement. They are legally known as “qualified tuition programs.”Although 529 plans can vary from state to state, they all fall into one of two broad categories: prepaid or savings plans. Prepaid tuition plans are state-sponsored plans offered through qualified educational institutions, and most have residency requirements that apply to the person saving the money and/or his or her beneficiary. In contrast, 529 savings plans operate in much the same way as other investment vehicles to generate funds that can typically be used for education costs in any state. In most cases, parents set up a 529 plan for their child, but anyone can start a 529 to help cover future education costs for a beneficiary of their choosing, including themselves. In addition to tuition and fees, money from a 529 plan can generally be used to pay for room and board, books, and other costs at an eligible educational institution. As of 2018, eligible institutions include public, private, or religious K-12 schools, as well as colleges, universities, and vocational schools.
An experienced financial professional based in Los Angeles, Allison Clago serves as managing director of investments at Wedbush Securities, Inc. Alongside her professional pursuits, Allison Clago studies economics, business, and finance at California Lutheran University (CLU). She also supports the school as a member of the CLU Scholarship Society. In addition to plans for a new Bachelor of Fine Arts Center, CLU has launched an initiative to construct a facility for students preparing for science careers in research, health care, academia, and business. The facility will be constructed as part of the university’s ongoing efforts to expand academic programs and services focused on science, technology, engineering, and math (STEM) subjects. Currently, CLU is in the planning and fundraising stage of the project, which will ultimately add 12 teaching labs and eight research labs to the school’s campus. The learning and research spaces will be spread throughout three stories. Once construction on the center is completed, students majoring in marine biology, human performance, chemistry, and biology fields will have new classrooms and more than 2,537 square feet of collaborative conference rooms and meeting areas to support their studies.
Allison Clago brings more than three decades of securities industry experience to her role as managing director of investments at Wedbush Securities. Outside of her work at the Los Angeles-based company, Allison Clago gives back to the community through her support of several local organizations, including the Music Center.One of the country’s largest performing arts centers, the Music Center in downtown Los Angeles hosts a variety of music and dance programming throughout the year. Currently, it is preparing for a number of upcoming events, including a presentation of La Bayadère from American Ballet Theatre (ABT). The three performances of the classic 19th-century ballet will take place July 13-15, 2018, at the Music Center’s Dorothy Chandler Pavilion. This will mark the 11th time the center has hosted ABT, which is renowned worldwide for its repertoire and lineup of accomplished international ballet stars. ABT’s presentation of La Bayadère will also wrap up the 15th season of Glorya Kaufman Presents Dance at the Music Center. The season also included productions of The Nutcracker, Romeo and Juliet, and Matthew Bourne’s dance adaptation of the Academy Award-winning movie The Red Shoes.
