# Healthequity Advisors

> Healthequity Advisors is an SEC-registered investment advisory firm in Draper, UT, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 167105
- Filed as: HEALTHEQUITY ADVISORS
- Legal name: Healthequity Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Draper, UT
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/167105
- AdvisorCensus page: https://advisorcensus.com/firm/healthequity-advisors-draper-ut-167105

## Quick answers

**How is Healthequity Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Healthequity Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Healthequity Advisors located?**
Healthequity Advisors' principal office is in Draper, UT, according to its Form ADV.

**Is Healthequity Advisors registered with the SEC or a state?**
Healthequity Advisors is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 167105.

**How much does Healthequity Advisors manage?**
Healthequity Advisors reports $1,994,934,966 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (61% discretionary).

**How have Healthequity Advisors' assets and staff changed since 2021?**
In the Form ADV data for Healthequity Advisors: Regulatory assets under management: $820,226,175 in the October 2021 data and $1,994,934,966 in the October 2026 data, up 143%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Healthequity Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (178,476).

**Which custodians does Healthequity Advisors use?**
Healthequity Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Healthequity Trust Company (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets.

**Does Healthequity Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/167105

**What changed in Healthequity Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,508,567,990 to $1,994,934,966 (+32%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Healthequity Trust Company (affiliated with the firm)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,994,934,966
- Discretionary: $1,207,469,751
- Non-discretionary: $787,465,215

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 178,476 | $1,994,934,966 |
| High net worth individuals | Fewer than 5 | $0 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | $0 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | Fewer than 5 | $0 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Other

### Firm details
- Registered since: 2013 (13 years)
- Employees: 8 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- healthequityadvisors.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $820,226,175 | 8 | April 30, 2021 |
| October 2022 | $1,053,349,898 | 8 | March 18, 2022 |
| October 2023 | $1,069,392,062 | 8 | September 27, 2023 |
| October 2024 | $1,194,434,022 | 8 | April 26, 2024 |
| October 2025 | $1,508,567,990 | 8 | April 28, 2025 |
| October 2026 | $1,994,934,966 | 8 | March 25, 2026 |

Regulatory assets under management: $820,226,175 in the October 2021 data and $1,994,934,966 in the October 2026 data, up 143%.
Total employees: 8 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,508,567,990 to $1,994,934,966 (+32%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Healthequity Advisors (CRD 167105): Form ADV filing data as of October 2026.