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Envestnet and HealthSavings Join on HSA Offering

Envestnet Retirement Solutions and HealthSavings Administrators LLC are rolling out a new solution to help advisers and their clients better utilize HSAs. 

By Amanda Umpierrez editors@assetinternational.com | August 11, 2016

Envestnet Retirement Solutions (ERS) and HealthSavings Administrators are partnering to help advisers utilize health savings accounts (HSAs) that are built on a managed account structure.  

“This partnership gives retirement and wealth advisers access to an innovative way to offer manage accounts and provide guidance to their customers on HSA investments,” says Pat Jarret, president and co-founder of HealthSavings. 

"HSAs are increasingly becoming a vital component of the individual investor's long-term retirement strategy," adds Babu Sivadasan, group president of Envestnet Retirement Solutions. "Retirement savers deserve access to the same level of investment advice, provided by a qualified fiduciary, for their HSA assets that they receive for the rest of their portfolios, and this partnership equalizes the quality of advice they can leverage across their portfolios.”

Additional information is available at www.envestnet.com