HealthEquity Advisors provides portfolio management for individuals and small businesses.
HealthEquity Advisors reports 178,476 clients. They include 178,476 individuals. Of its assets, 60.5% ($1.21B across 92,610 accounts) are managed with discretion; $787M across 85,866 accounts are not. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 100% | 100% |
| High-net-worth individuals | Fewer than 5 | 0% |
| Banking or thrift institutions | Fewer than 5 | 0% |
| Pension and profit-sharing plans | Fewer than 5 | 0% |
| Charitable organizations | Fewer than 5 | 0% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | Not reported | 0% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 178,476 | $1.99B | 100.0% | $11.2K |
| High-net-worth individuals | Fewer than 5 | $0 | 0.0% | — |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | Fewer than 5 | $0 | 0.0% | — |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $0 | 0.0% | — |
| Total | 178,476 | $1.99B | 100% | — |
- Clients
- 178,476
- Regulatory AUM
- $1.99B
- AUM share
- 100.0%
- Avg. per client
- $11.2K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 178,476
- Regulatory AUM
- $1.99B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
HealthEquity Advisors charges 0.60% a year for its AutoPilot and GPS Programs. The whole portfolio is charged at the rate of its band. The fee is billed in arrears.
Fee details and sources
Healthequity, Inc. owns 75% or more of HealthEquity Advisors. The leadership team of HealthEquity Advisors includes Chief Compliance Officer Jayson Alexander. It has 8 employees, 1 of them in advisory roles.
Staff
- 8 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Healthequity Advisors, LLC
Healthequity, Inc.
Control person · since December 2012
HealthEquity Advisors’ regulatory assets grew 2.4× from $820M (April 2021) to $1.99B (March 2026); clients rose from 78,565 to 178,476 and employees were 8 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $1.99B | 178,476 | 8 | 1 |
| Apr 2025April 2025 | $1.51B | 133,156 | 8 | 1 |
| Apr 2024April 2024 | $1.19B | 107,327 | 8 | 1 |
| May 2023May 2023 | $1.07B | 102,270 | 8 | 1 |
| Mar 2022March 2022 | $1.05B | 96,234 | 8 | 1 |
| Apr 2021April 2021 | $820M | 78,565 | 8 | 1 |
Besides its headquarters, HealthEquity Advisors has 0 offices, with 1 listed address in 1 state.
Utah · 1 listed address
- 15 West Scenic Pointe Drive, Suite 100, DraperHQ
Contact and registration details
- Legal name
- Healthequity Advisors, LLC
- Headquarters
- 15 West Scenic Pointe Drive, Suite 100, Draper, UT 84020
- Website
- healthequityadvisors.com
- Phone
- 801-508-3248
- SEC file
- 801-78001
- Structure
- Utah LLC
- Fiscal year end
- January
HealthEquity Advisors’ named custodian for separately managed accounts is Healthequity Trust ($1.99B). HealthEquity Advisors has custody of $1.99B for 178,476 clients.
- Healthequity TrustHealthequity Trust Company · Draper, UT · $1.99B100%
At year end, HealthEquity Advisors’ separately managed accounts were mostly in funds (100%).
What the accounts hold
- Funds100%
How many clients does HealthEquity Advisors have?
HealthEquity Advisors has 178,476 clients and manages $1.99 billion for them, as of March 2026. They include 178,476 individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does HealthEquity Advisors offer?
HealthEquity Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does HealthEquity Advisors charge?
HealthEquity Advisors charges 0.60% a year for its AutoPilot and GPS Programs. The whole portfolio is charged at the rate of its band. The fee is billed in arrears.
Source: HEALTHEQUITY ADVISORS, LLC PART 2 BROCHURE (MARCH 2026), filed 25 March 2026
Which custodians does HealthEquity Advisors use?
HealthEquity Advisors’ separately managed account assets are held at Healthequity Trust Company (Draper, UT), with $1.99B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does HealthEquity Advisors have?
HealthEquity Advisors has 1 investment adviser representative registered with state securities authorities, out of 8 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does HealthEquity Advisors invest in?
At the end of its last fiscal year, HealthEquity Advisors’ separately managed accounts held 100% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns HealthEquity Advisors?
HealthEquity Advisors’ direct owner is Healthequity, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does HealthEquity Advisors get paid?
HealthEquity Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact HealthEquity Advisors?
HealthEquity Advisors’ main office is at 15 West Scenic Pointe Drive, Suite 100, Draper, UT 84020. Its phone number is 801-508-3248. Its website is healthequityadvisors.com.