HealthSavings Administrators, a health savings account (HSA) provider, and Orion Advisor Services, a portfolio management solution provider for registered investment advisers, have created a strategic partnership to allow RIAs to integrate HSAs into retirement planning services for their clients.
“Leveraging the triple-tax advantage that HSAs afford our clients, we understand the importance of their use in our long-term investment and retirement strategies,” said Kristen Donovan, AIF, CFPA, QKA. “Being able to manage HSAs in the context of a client’s full portfolio ensures we can align all of their investment accounts and properly plan to meet their personal retirement vision.”
According to Nationwide, the majority of consumers working with an adviser expect their adviser to provide advice on planning for healthcare costs in retirement as costs continue to climb. Yet a recent HealthSavings study revealed the majority of RIAs are not offering HSAs to clients
