powered by HealthEquity Advisors, LLC

HealthEquity is proud to be the first HSA administrator to provide access to member level investment advisory services. Advisor is a web-based automated investment advisor accessed through the HealthEquity member portal.1 Based on your personal risk preferences, Advisor provides advice on which funds to choose, how to diversify your money amongst those funds, and will even implement the suggested portfolio for you, all while providing ongoing oversight and maintenance to your portfolio.

Personalized guidance

With Advisor, a web-based tool, you receive professional guidance and access to convenient online tools to maximize your earning potential. When you sign up for Advisor you will complete a simple personal risk profile. Based on this profile, Advisor provides guidance and management on:

  • How much cash to keep in your HSA
  • How much to invest
  • How to optimally diversify amongst the available mutual funds to manage risk and maximize growth potential.

Advice is dependent on your personal risk profile. You are able to edit your risk profile settings on the Advisor page at any time to become more conservative or aggressive. Advisor will adjust your advice based on your changes.

Optimized diversification

As markets fluctuate, Advisor watches various risk and fund quality metrics to make sure your HSA investments are optimally diversified. Unlike traditional HSA investment platforms that offer little to no member level advisory services, Advisor uses your personal risk profile and dispenses individualized advice on:

  • Fund selection
  • Diversification
  • Risk tolerance
  • Continued portfolio maintenance

Monitor your money every hour of every day

You receive vital ongoing advice, oversight and continual portfolio maintenance through our web-based tool Advisor.1 No matter the size of your investment portfolio, valuable guidance and management is available to you through HealthEquity Advisors, LLC.

In a class of our own

HealthEquity is currently the only HSA administrator that offers investment guidance to its members. Advisor offers personalized, web-based advice using your age, profile and personal preferences. This is offered to all of our members regardless of portfolio balance.

Requirements to invest

There is no minimum balance to participate in our FDIC-insured account, or to enroll in Yield Plus. In order to invest in mutual funds, your HSA cash balance must meet a minimum threshold. Contact HealthEquity member services at 866.346.5800 or visit the Investments section of your HealthEquity member portal to confirm your plan's threshold.2

3 options for investing

HealthEquity offers three options for investing in mutual funds: Auto-pilot, GPS and Self-driven.

Auto-pilot
powered by HealthEquity Advisors, LLC
Auto-pilot GPS Self-driven
Investment option Auto-pilot GPS Self-driven
Advice type Full service Guidance None
Implementation and timing Automatic Member None
Advised portfolio rebalancing Automatic Member None
Advised fund rotation Automatic Member None
Advised category rotation Automatic Member None
Portfolio alerts Yes Yes No
Weekly performance summary Yes Yes No
Monthly service fees per $1,000 invested .08% or $.80 .05% or $.50 None
Monthly investing fees per $1,000 invested .033% x $1000 = $0.33 .033% x $1000 = $0.33 .033% x $1000 = $0.33
Learn more about each investment option More info More info More info

Advisor Auto-pilot
powered by HealthEquity Advisors, LLC

Investments automatically implemented and managed for you

Auto-pilot is a full-service option that automatically manages your investments for you. Think of it as your own personal investment chauffer. Based on your personal risk profile, Auto-pilot provides:

  • Automatic quarterly re-balancing
  • Mutual fund rotation
  • Asset class rotation based on your personal risk profile
  • Weekly performance summaries
  • Alerts when there are changes in any important measures of risk and performance
Monthly fee3
  • 80 cents per $1,000 (.08%)
  • Auto-pilot is a monthly subscription, with a monthly fee of .08% or $0.80 per thousand invested dollars. Auto-pilot can be cancelled at any time

Advisor GPS
powered by HealthEquity Advisors, LLC

Guidance provided by Advisor, implemented by you

GPS provides portfolio guidance, giving you a suggested route to your destination. GPS gives you recommendations for fund selection and allocation based upon your personal risk profile. GPS provides:

  • Recommended portfolio advice
  • Recommended quarterly re-balancing
  • Recommended fund & asset class rotation
  • Weekly performance summary (SEC compliant)
  • Monitoring & alerts (emails & texts)
  • Implement advice button
Monthly fee3
  • 50 cents per $1,000 (.05%)
  • GPS is a monthly subscription, with a monthly fee of .05% or %0.50 per thousand invested dollars. GPS can be cancelled at any time.

Self-driven
powered by HealthEquity

No guidance provided, directed by you

Self-driven is for those who are confident with their own research and investment knowledge. No advice is given with self-driven investments. The member executes all fund and allocation decisions, though mutual fund research and performance data is provided. You will still have access to:

  • HealthEquity’s investment funds1
  • No fees on trading, no fund minimums
  • Quarterly mutual fund report card
Monthly fee
  • None
  • There is no monthly subscription fee with Self-driven investing. There are also no trading fees associated with our available funds. Specific funds may have operating expenses, which are disclosed in the prospectus. Funds from the Best-in-class lineup have no fees other than the funds own operating expense. However, funds from the Investor Choice lineup have a monthly fee3 of .033% on the average invested balance for the month, in addition to the fund operating expense.

Get started

1. Log into the member portal

2. Select "Investments" from the "My Account" tab.

3. Select which investment level suits your investment goals.

a) Advisor Auto-pilot and Advisor GPS provide expert fund management and investment advice1

b) Self-driven allows you to manage your investments and trades yourself

4. Click ‘I Agree’ when you have readand accept the terms of conditions.


1Advisor™ is a product of HealthEquity Advisors, LLC. HealthEquity, Inc. does not provide financial advice. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, does provide web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). HealthEquity Advisors, LLC also selects the mutual funds offered to HSA holders through the HealthEquity, Inc. platform.

2If your HSA cash balance falls below the minimum investment threshold, there are no consequences to your investments. It simply means you will not be allowed to invest any more money until your balance exceeds the investment threshold again. Your investment balance is separate from your HSA cash balance. Medical expenses will only deduct from your HSA cash balance. To use investment funds to pay for claims, you must first sell shares, and funds are then automatically deposited back into your HSA cash balance.

3Any investing fees are charged to your HSA cash account on the same day each month corresponding to your subscription date, and appear on your monthly statement. If your balance is not sufficient to pay the fees, billing will postpone until more money arrives. Multiple months of unpaid Advisor™ fees may result in suspended access until an HSA contribution is made. HealthEquity Advisor™ will not sell investments to settle any unpaid fees, though you can initiate the sale of funds in “Edit Profile” by changing the cash setting to the amount you want available in your HSA cash balance. You are able to cancel Advisor at any time by going to “Edit Profile” and selecting “Self-driven”, which will cancel your subscription to Advisor. Keep in mind that cancelling will not initiate any sales of current investments.