The value of the assets in health savings accounts increased 19% to $73.5 billion in the 12 months ended June 30, a survey from Devenir has found, while the number of HSAs increased by 12%, to more than 29 million.
The survey data were collected primarily from the nation’s top 100 providers of health savings accounts, according to Devenir, a company that provides investment solutions for the accounts.
In approximately 1.5 million HSA accounts, or about 5% of the total, the funds in the account are invested in securities, the study found.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
Asset managers are racing to bring private market products to retirement plans, but cost and liquidity concerns linger.
Treasury's latest tax-exemption crackdown on private schools lands in the wake of a separate push to restrict refundable credits for some immigrant filers.
Workforce trust measures predicted which companies came out ahead during COVID-19. The same dynamic may now be playing out across the AI transition — and the data suggests the spread could be just as wide.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
