What is EasyVest?
EasyVest is an automated investment management tool that assists ELGA Credit Union members in creating and optimizing investment possibilities. It is an easy investment solution for anyone who is interested in building wealth but is unsure where to begin. Start an account with as little as $200 from your existing ELGA Credit Union checking or savings.
Account Details
- $200 minimum to open investment account
- There is an account management fee charged. It is based on a percentage, 0.6% per year (0.15% per quarter), of the value of your investments. This fee is subject to a minimum fee of $1.50 per quarter.
- Only available to ELGA Credit Union members via Online and Mobile Banking
- Only the primary accountholder can open an EasyVest account
- Not available on business or trust accounts
Get Started
ELGA Credit Union members can get started in minutes. All you have to do is log in to ELGA Online or Mobile banking, navigate to EasyVest, and select Get Started. You will be asked a series of questions to help the platform understand what you’re hoping to achieve and create an investment strategy customized to you. Must be 18 years or older.
If you would like to speak with an ELGA CU financial adviser regarding your investment account needs contact ELGA Wealth Management.
Common Questions about EasyVest
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Is there a minimum amount required to use EasyVest?
The minimum initial deposit required is $200. Once you open your account, you must maintain a balance of at least $200.
What is automated investment management?
Are there any fees for using EasyVest?
There is an account management fee charged. It is based on a percentage, 0.6% per year (0.15% per quarter), of the value of your investments. This fee is subject to a minimum fee of $1.50 per quarter.
Can I transfer or make withdrawals?
Yes, you can set up an automatically recurring transfer. Our maximum recurring transfer amount is $5,000. Funding frequency options for recurring transfer are:
- Every 2nd Monday of a month
- 15th of every month
- First day of a month
- Daily (every business day)
- At the beginning of each calendar quarter
Can I withdraw or transfer funds from my account?
Is it possible that my investment account may lose money?
What kind of account does EasyVest open?
When using EasyVest, you create an investment account that invests in securities. Your account is not an ELGA Credit Union share. The investment account is held at DriveWealth, LLC, and a securities brokerage firm that is not associated with ELGA Credit Union. The account is managed by Access Softek Advisory Services, LLC, which is also not affiliated with ELGA Credit Union.
Is my money secure?
Is my investment protected by insurance?
What does it mean for an account to be rebalanced?
What if I decide to close my account?
If, at any point, you would like to close your EasyVest account, please contact the team by email at InvestSupport@AccessSoftek.com. You will be charge any remaining fees if your account is closed before the billing cycle ends. All recurring and/or scheduled deposits and withdrawals will be cancelled. Processing may be delayed up to one full business day to accommodate possible ACH transfers.
The final balance from your closed account will be transferred back to your ELGA Credit Union account by ACH deposit, which may take up to 3 – 5 business days. You may not close your account until it has been open for at least 30 days.
How many investment accounts can be one member own with EasyVest?
Can an ELGA Credit Union member open a joint investment account?
Can an ELGA Credit Union member open a company, partnership, or LLC investment account?
How can I receive additional support?
Investments: Not FDIC or NCUSIF insured • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Access Softek’s internetbased services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Access Softek Advisory Services LLC agreement. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Access Softek is not registered. Brokerage services provided to members of Credit Union by DriveWealth LLC, an SEC registered broker-dealer and member FINRA/SIPC.