Fidelity will offer HSAs on its brokerage, RIA platforms

Fidelity will offer HSAs on its brokerage, RIA platforms
The company’s $5.4 billion health savings account will be open to clearing and custody customers
JAN 09, 2020

Fidelity Investments said that it will make health savings accounts available to the broker-dealers and registered investment advisers that use its clearing and custodial platforms.

Fidelity said that it will act as the HSA custodian, enabling advisers and their firms to handle all aspects of clients’ HSAs, including professional investment management and operational oversight, in one place.

Fidelity’s HSA, which was established in 2005, has more than $5.4 billion in assets, the company said in a release.

The platform offers access to more than 10,000 mutual funds and ETFs, as well as stocks and bonds.

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