Advisor, a web-based investment advisory tool powered by HealthEquity Advisors, LLC, is seamlessly integrated into the HealthEquity HSA member portal. Tailored to your unique risk preferences, Advisor provides expert guidance on:
With ongoing account monitoring and tailored recommendations, Advisor helps you stay aligned with your financial goals.
Ready to take control of your investments?
Click below to get started with Advisor today!
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When you usesubscribe to Advisor, you will receive customized recommendations based on your personal risk profile. During setup, you will complete a risk assessment, allowing Advisor to provided tailored guidance on:
You can adjust your risk profile at any time, and Advisor will update its recommendations automatically, ensuring your portfolio remains on track.
With Advisor, you get round-the-clock investment oversight. Our service provides proactive guidance, seamless portfolio maintenance, and continuous optimization – every hour of every day. No matter your portfolio size, personalized insights and professional management are always within reach with Advisor.
Ready to take control of your investments?
Click below to get started with Advisor today!
| AutoPilot | GPS | |
| Advice type | Full service | Guidance |
| Implementation and timing | Automatic | Member |
| Fund rotation | Automatic | Member |
| Portfolio rebalancing | Automatic | Member |
| Invest new contributions | Automatic | Member |
| Portfolio allocation updates | Automatic | Member |
| Maintain preferred cash balance | Automatic | Automatic |
| Weekly performance summary | Yes | Yes |
AutoPilot offers comprehensive, hands-off investment management. With automated account management and ongoing monitoring, it is designed for those seeking peace of mind with minimal effort.
Take charge of your investments with expert recommendations tailored to your preferences. GPS offers fund selection and allocation guidance, empowering you to make confident decisions while maintaining full control over your portfolio.
Ready to take control of your investments?
Click below to get started with Advisor today!
What is Advisor, and how does it work?
Advisor is an intuitive, web-based investment advisory tool designed to help you make the most of your HealthEquity Health Savings Account (HSA). Powered by HealthEquity Advisors, LLC, it provides expert guidance tailored to your financial goals and preferences. With automated account monitoring and personalized guidance, Advisor helps you stay aligned with your health savings and investment objectives.
Who can invest with Advisor?
Advisor is available to most HealthEquity HSA members, providing a simple, effective way to invest your health savings.
What are the benefits of using Advisor?
With Advisor, you unlock expert guidance to:
With continuous account monitoring, automated account management, and tailored recommendations, Advisor ensures your investments remain on track with your health savings goals.
What is the difference between AutoPilot and GPS?
Advisor offers two service level options to match your preferences, AutoPilot and GPS.
How much does Advisor cost?
Advisor fee: 0.05% per month on the average daily investment balance. ($0.50 per $1,000 invested)
What types of investments does Advisor include in portfolios?
Advisor portfolios are diversified across ten (10) asset categories to help you achieve balance of risk and return. These categories include mutual funds containing bonds, stocks, and alternative investments tailored to your financial needs.
How does Advisor determine portfolio guidance?
Advisor helps design a portfolio based on your unique preferences gathered during your risk profile assessment. This ensures your investments align with your financial goals and comfort level.
Can I customize Advisor’s portfolio recommendation?
Yes, you can personalize your portfolio. Advisor allows you to exclude up to one (1) category from each asset class (e.g., stocks, bonds, alternatives), enabling greater personalization and alignment with your preferences.
How often are portfolios rebalanced?
Advisor continuously monitors accounts to ensure your portfolio stays on track. This includes daily cash management monitoring and consistent portfolio check-ups at least every two weeks.
Am I able to place trades in my account while investing with Advisor?
With AutoPIlot, Advisor manages trades and account activities for you, offering a seamless, hands-free experience. If you prefer more control, GPS allows you to place trades and manage your account while still receiving personalized portfolio recommendations.
How can I track my investment account performance?
You can view your portfolio performance, transaction history, and more through the Advisor dashboard and the HealthEquity Investment Desktop.
What happens to my investments if I spend HSA cash on qualified medical expenses?
Advisor ensures your preferred minimum HSA cash balance is maintained to ensure you are prepared for your qualified medical expenses through the Cash Replenish service. This automated service works seamlessly across both AutoPilot and GPS service level options.
What commitment is required to invest with Advisor?
No long-term commitment is required. You may cancel Advisor at any time. If you choose to cancel, your portfolio allocations remain unchanged, but you take over future account management responsibilities.
Can I invest with Advisor and also invest in the Schwab Health Savings Brokerage Account?
Yes. As a HealthEquity HSA member, you can use Advisor’s guidance for investing while simultaneously investing additional health savings in the thousands of investment options available in the self-directed Schwab Health Savings Brokerage Account. Advisor however, does not provide recommendations on securities available in the Schwab Health Savings Brokerage Account.
If additional support is required, please contact Advisor@HealthEquity.com
Investments are subject to risk, including the possible loss of the principal invested and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. HSA holders may select mutual funds for investment through the HealthEquity investment platform but HealthEquity, Inc. does not provide investment advice. HealthEquity Advisors, LLC, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, provides web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). Registration does not imply endorsement by any state or agency and does not imply a level of skill, education, or training. Investing may not be suitable for everyone. You should carefully consider the investment objectives, risks, charges and expenses of any mutual fund before investing. A prospectus and, if available, a summary prospectus containing this and other important information can be obtained by visiting the fund sponsor’s website. Please read the prospectus carefully before investing.
HealthEquity and the Charles Schwab Corporation are separate, unaffiliated companies and are not responsible for each other’s policies or services.
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