Press Release:HSA Bank Releases Investment Portfolio Tool to Simplify Decision-Making
Milwaukee, August 6, 2019 — HSA Bank, a division of Webster Bank, N.A., announced they have partnered with Devenir to offer Guided Portfolio, an investment portfolio tool, designed to help investors better manage their Health Savings Account (HSA) investments.
Guided Portfolio takes into consideration an investor’s anticipated HSA contribution, time horizon, and risk tolerance to generate a set of suggestions for how they might distribute their portfolio assets. Investors have the flexibility of making adjustments to their allocations at any time, and have the option to create a predetermined schedule for asset realignment.
As part of the HSA Bank self-directed investment options, the Guided Portfolio program offers low-cost, no-load mutual funds, covering a range of asset classes and families. These highly-rated Morningstar funds also include a wide variety of categories, such as international, real estate and emerging markets.
"Selecting funds and determining allocations for HSA assets can be overwhelming. We make the process as stress-free as possible by taking the guesswork out of these decisions," stated Chad Wilkins, president of HSA Bank. "Guided Portfolio creates a user-friendly experience that goes above and beyond traditional investment guidance, better preparing investors to cover healthcare expenses today and in retirement."
Learn more about how Guided Portfolio makes investing simple by clicking here.
NOTE: 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.
About HSA Bank
At HSA Bank, we’re working toward a world where everyone is empowered to save for a healthy future. By providing the right tools and resources, we make it simple for our 3 million members nationwide to maximize their savings for healthcare and long-term goals. As a leader in health accounts for over two decades, we continue to innovate. Our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for consumers, health plans, partners, and advisors. As of September 30, 2020, HSA Bank had $9.4 billion in total footings comprising $7.0 billion in deposit balances and $2.4 billion in assets under administration through linked investment accounts.