Professional Adviser's investment detective Matt Morris delivers his verdict on five developments in the investment and pensions arenas that have caught his eye over the last month
The Intruder HSBC has launched an online advised service, My Investments, targeted at clients with investable assets of £1,000 at an initial charge of 0.5% followed by fees of up to 0.46%. It is intended to appeal to those who may not have used a wealth management service before and will recommend one of five HSBC Global Strategy funds - Cautious, Conservative, Balanced, Dynamic and Adventurous. It is designed to complement HSBC's current telephone and face-to-face wealth service and seems unlikely to prove a threat to financial planning as the types of questions they can answer are not c...
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