HSBC offers new discretionary service

clock

HSBC Private Bank (UK) Limited has launched a Discretionary Portfolio Service to give high net worth investors access to a spectrum of asset classes as they start to move out of cash.

The service will offer a choice of three strategies: Conservative, Moderate and Growth. Once the strategy is chosen with the relationship manager, day-to-day management is handled by the portfolio manager at HSBC Private Bank. The aim is to leverage HSBC's global reach with a cost-effective service from a trusted manager. Clients can use the strategy as a complete solution, or to blend this core service with satellite investments.  In a lower return environment, investors are conscious of costs, so most of the portfolio will be in index-matching strategies. However, where active manag...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers notice growing client demand for bespoke investments

Advisers notice growing client demand for bespoke investments

Want access to ETFs, investment trusts, equities, bonds and AIM shares

Isabel Baxter
clock 17 April 2025 • 2 min read
FCA outlines final CCI ruling timeline as it brings out second consultation

FCA outlines final CCI ruling timeline as it brings out second consultation

'Detailed engagement' to continue

Eve Maddock-Jones
clock 16 April 2025 • 3 min read
Talking with… Rathbones Asset Management's James Thomson

Talking with… Rathbones Asset Management's James Thomson

The series continues as Richard Romer-Lee chats to James Thomson

Richard Romer-Lee
clock 14 April 2025 • 4 min read