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HOW TO OPEN A DEVENIR GUIDED PORTFOLIO SELF-DIRECTED INVESTMENT ACCOUNT

Steps to start investing your Health Savings Account (HSA)

 

Follow these simple steps to invest your HSA funds in Devenir’s Guided Portfolio Self-Directed Investment Account.

  1   Open a Self-Directed HSA Investment Account with Devenir

Log into your account and click on the "Manage Investments" button. Follow the on-screen prompts to enroll.

You will receive an email from HSA Bank (1-2 business days after Devenir enrollment) notifying you that your HSA has been linked to your Devenir Investment Account.

Note: You may enroll once you have a minimum of $1,000 in your HSA Bank cash account. Only HSA funds above $1,000 in your HSA Bank cash account can be transferred to your investment account.

View Mutual Fund Lineup | Review Terms and Conditions

  2   Select Your Mutual Funds

  • Log into your account and click on the "Manage Investments" button.

  • Select "Access Devenir" from the Manage Your Account drop-down. You will be directed to the Devenir site.

  • Then, click on “HSA Guided Portfolio” under the Planning Tools section, and follow the on-screen prompts.

  3   Transfer HSA Funds to Investment Account

  • Log into your account and click on the "Manage Investments" button.

  • Select "Transfer to Investments" from the submenu.

  • Follow the on-screen instructions to move funds from your HSA cash account to your Devenir investment account.

  • You will receive an email confirming that your HSA cash account funds have been successfully moved to your Devenir investment account.

Note: If you transfer cash to your self-directed investment account prior to selecting your mutual fund elections, your cash will default to the Money Market Fund.

Transfer Investment Account Funds to Your HSA Cash Account

Your Devenir Investment Account funds can be transferred to you HSA cash account as needed. Mutual funds will be liquidated on a proportional basis according to your fund allocation percentages within your respective mutual funds, pro rata.

Note: It takes 1-2 business days for your requested funds to be available in your HSA cash account.

HSA Bank does not provide investment services; investment services are provided by DEVENIR. HSA Bank and DEVENIR are separate unaffiliated companies and are not responsible for each other’s services or policies. Self-directed investment accounts are the sole responsibility of the account owner. Carefully weigh the advantages and disadvantages of investing your HSA funds before doing so. HSA Bank and other business entities receive compensation for providing various services to the funds including an annual asset-based fee for services rendered in association with the investment account. Your ability to replace losses in the investment account may be limited by the annual contribution limits of your HSA. HSA Bank does not offer investment advice.

Investment accounts are not FDIC insured and they are not bank guaranteed. Investment accounts are not a deposit account, or an obligation of HSA Bank, and they may lose value. They are not guaranteed by any federal government agency. Performance data and ratings represent past performance and are not a guarantee of future results. Investment returns and principal will fluctuate and investors’ shares, when sold, may be worth more or less than their original cost.

Neither HSA Bank, nor Devenir Group, LLC, the third party, can provide investment advice to you on this program. Once you transfer funds from your HSA cash account to the HSA investment account, these dollars are no longer covered by applicable FDIC insurance. We recommend you speak with a licensed advisor or consult the prospectus should you have questions about any investment.

The Devenir Mutual Fund Investment Account includes a 0.45% annual fee which is invoiced quarterly. The fee is calculated on a percentage basis and assessed based at the valuation on the last day of each quarter equating to 0.1125% or $1.13 per $1,000. The fee is deducted pro rata from the mutual fund account on or about the 10th business day following the end of each quarter. The fee is assessed only on the first $75,000 of the Investment Account balance. There is a minimum fee of $2.25 per quarter. Accounts opened during the quarter are assessed the full 0.1125% for that quarter. If the account balance is below $2.25 on the fee deduction date the full balance will be sold.