Members / How to Open a Devenir Investment Account

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.

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.

SECURITIES AND INVESTMENTS

Not Insured by FDIC or Any Other Government Agency

Not Bank Guaranteed

Not Bank Deposits or Obligations

May Lose Value


*You may be required to keep a minimum balance in your HSA cash account to invest funds.

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 options are the sole responsibility of the account owner. Your ability to replace losses in the investment account may be limited by the annual contribution limits of your HSA.

Neither HSA Bank, nor Devenir Group, LLC, the third party, can provide investment advice to you on this program. 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 may include a 0.30% annual fee which is charged quarterly. 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 $50,000 of the Investment Account balance. There is a minimum fee of $1.50 per quarter. Accounts opened during the quarter are assessed the full 0.075% for that quarter. If the account balance is below $1.50 on the fee deduction date the full balance will be sold.