Raymond Steele
Raymond Steele is a registered investment advisor at Hsbc Securities (USA) INC., based in Marlboro, NJ, with 34 years of industry experience. Raymond operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 12,180 clients with $3.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.50% |
| $250K - $500K | 1.20% |
| $500K - $1.0M | 1.00% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $5.0M | 0.80% |
| $5.0M - $10.0M | 0.65% |
| $10M+ | 0.55% |
Fees are negotiable and discounts may be applied.
Fee Estimator
Location
Marlboro, NJ
Get directionsHistory
Regulatory History (2)
Customer Dispute
September 2011Customer Dispute
August 2005Other Business Activities
Raymond owns condos in Hilton Head Island and Peoria, Arizona, since 2008, managing rentals and upkeep. This requires minimal time each month and is not investment-related.
Employment History
Current Registrations
Hsbc Securities (USA) INC.
Hsbc Securities (USA) INC.
Hsbc Securities (USA) INC.Broker
Previous Registrations
Hsbc Brokerage (USA) INC.Broker
Republic Financial Services CorporationBroker
Joseph Stevens & Company, INC.Broker
A.S. Goldmen & CO., INC.Broker
State Registrations30 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.