WALTHAM, Mass.–(BUSINESS WIRE)–Alegeus, the market chief in client funding options, right this moment introduced it should launch its next-generation HSA funding resolution on the 2021 Alegeus Client Success Summit, June 15-16. An extension of the Alegeus HSA expertise, the funding resolution goes past something at present accessible from an HSA supplier, with options like real-time and fractional buying and selling, a completely automated robo advisor, and a full vary of investing fashions for each investor expertise degree.
“HSAs are designed to be saving automobiles, but most customers right this moment use them as spending accounts and will not be disciplined about saving for the long run,” stated Mark Waterstraat, chief buyer officer at Alegeus. “This new fashionable funding expertise, coupled with different capabilities like our high-yield banking mannequin, will empower customers to attain monetary wellness, supporting them by all phases of their healthcare journey – spending, saving and investing.”
Constructed by a deeply educated HSA and funding product group – and powered by DriveWealth, a world chief for API-driven, cloud-based brokerage infrastructure – the Alegeus funding resolution builds on the corporate’s Sensible Account technique, with a formidable fashionable funding stack:
- Totally embedded funding expertise (accessible on each cellular and desktop) that’s native to the Alegeus platform and doesn’t require redirecting customers to a associate web site
- Easy, intuitive interface akin to different fashionable funding instruments available on the market
- Three distinct investing fashions – managed (robo advisor), self-directed and brokerage – for a tailor-made funding expertise that meets the buyer the place they’re
- Change-traded funds (ETFs) that give customers decrease prices and diversified market return
- Fractional buying and selling as much as 8 decimal factors, offering micro share entry (as little as $.005, for instance) to high-value shares like Berkshire Hathaway Class A, which at present trades round $440,000 a share
- Handy options, resembling auto-rebalancing, real-time account opening and buying and selling, and historic efficiency of accessible funds
Customers obtain alerts when eligible to speculate, they usually can open an funding account instantly, transferring funds forwards and backwards in real-time. Throughout the Alegeus portal and cellular app, customers acquire full transparency into belongings and allocations, and real-time insights as fund values change all through the day. Ongoing Sensible Account steering proactively provides suggestions as balances develop, permitting for higher account engagement, satisfaction and retention.
“We’re proud to disrupt the HSA market with a real well being and wealth expertise that can function a differentiator for our shoppers in an more and more aggressive house,” Waterstraat stated. “This new funding resolution is one a part of a broader sequence of HSA enhancements that can enable our shoppers to compete available in the market with a value-differentiated, best-in-class HSA resolution.”
Alegeus shoppers have already begun to acknowledge the brand new funding expertise because the game-changer it’s for brokers, employers and the 75M+ commercially insured People which have entry to the Alegeus HSA.
“There’s just one factor you may say about this new funding expertise, and that’s ‘Wow!’” stated Bob Davis, president of Rocky Mountain Reserve. “We consider this offers us an extremely differentiated HSA providing – one thing that could be a step above another resolution on the market. The marketplace for HSAs is extremely aggressive, and this offers us the capabilities to compete with anybody, together with the big-name nationwide HSA-focused banks and funding suppliers.”
To get a primary have a look at the brand new Alegeus funding resolution, register here for the 2021 Alegeus Shopper Success Summit.
Alegeus is the market chief in client funding options, delivering the business’s main white-label platform that transforms how customers save and pay for healthcare. Our next-generation know-how simplifies the administration of consumer-directed profit accounts and COBRA, and leverages data-driven insights to information customers to the most effective protection, money and care methods. Greater than 350 Alegeus shoppers – together with medical health insurance plans and third-party directors – leverage our deep experience and confirmed know-how to manage profit accounts for greater than 30 million members and to course of greater than $9.1 billion in client healthcare funds yearly. Because the healthcare and profit markets proceed to evolve, Alegeus delivers options that allow shoppers to evolve their service choices, function their companies extra effectively, and lead customers to raised well being and monetary choices. The corporate is headquartered in Waltham, MA with operations in Orlando, FL and Milwaukee, WI.
A pioneer in fractional investing and embedded finance, DriveWealth has constructed an API-driven, cloud-based brokerage platform that’s reworking the funding panorama by democratizing entry to U.S. equities for traders domestically in addition to overseas. With greater than 90 companions in over 150 international locations world wide, DriveWealth’s mission is to reshape retail investing by enabling banks, international manufacturers, and fintechs to offer funding entry and recommendation to underbanked and underserved prospects that was beforehand solely accessible to the rich. For extra info, please go to drivewealth.com.