HSBC Securities (USA) Inc. offers a variety of managed account programs, including the Spectrum, Spectrum II, Offshore Spectrum, and Managed Portfolio Account programs. These programs provide clients with asset allocation, portfolio management, trade execution, and custody services. Clients can choose between non-discretionary programs where they select funds in consultation with a representative or fully discretionary programs where HSBC Securities manages the portfolio according to a chosen risk model. The firm utilizes research from affiliates to build model portfolios across conservative to aggressive risk tolerances. HSBC Securities also acts as a broker-dealer and provides access to banking and insurance products through affiliates.
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 generally negotiable and can be discounted at the firm's discretion.