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powered by HealthEquity Advisors, LLC™

HealthEquity is proud to be one of the first HSA administrators 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 mutual funds to choose, how to diversify your money amongst those mutual 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 the 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 federal deposit insurance eligible 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 access to 3 options for investing in mutual funds: AutoPilot, GPS and Self-driven

AutoPilot
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AutoPilot GPS Self-driven
Investment option AutoPilot 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 investment advisory fees .05% ($15 monthly fee cap) None
Monthly investment administration fees .03% ($10 monthly fee cap)*
Learn more about each investment option More info More info More info

*The monthly investment administration fee is charged by HealthEquity, Inc.

Advisor AutoPilot
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Investments automatically implemented and managed for you

AutoPilot 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, AutoPilot provides:

  • Automatic quarterly re-balancing
  • Asset class allocation based on your personal risk profile
  • Weekly performance summaries
  • Email alerts when there are changes in any important measures of risk and performance
Monthly fee3
  • 0.05% per month on the average daily invested balance (0.60% per year) for Advisor™ with a $15.00 monthly fee cap.
  • AutoPilot is a feature of Advisor™ that can be enabled when a member chooses Advisor™ as their preferred investment option

Advisor GPS
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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 allocation
  • Weekly performance summary
  • Monitoring & email alerts
  • Implement advice button
Monthly fee3
  • 0.05% per month on the average daily invested balance (0.60% per year) for Advisor™ with a $15.00 monthly fee cap
  • GPS is a feature of Advisor™ that can be enabled when a member chooses Advisor™ as their preferred investment option.

Self-driven
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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
  • Other than the monthly investment administration fee and the respective mutual fund expense ratio there are no trading costs, commissions or fund minimums.
  • Quarterly mutual fund report card
Monthly fee
  • 0.03% per month on the average daily invested balance (0.36% per year) with a $10.00 monthly fee cap
  • There is no monthly investment advisory 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 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 provides investment advice1

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

4. Review your mutual fund lineup and accept the terms and 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. Registration does not imply endorsement by any state or agency and does not imply a level of skill, education, or training.

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. 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. Investments available to HSA holders are subject to risk, including the possible loss of the principal invested and are not FDIC insured or guaranteed by HealthEquity, Inc.. HealthEquity, Inc. does not provide financial advice. HSA holders making investments should review the applicable fund's prospectus. Investment options and thresholds may vary and are subject to change. Members should consult their advisor or the IRS with any questions regarding investments or on filing a tax return.