Hsbc Securities (Usa) Inc

CRD#19585
Investment Advisor Firm

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Learn more about Hsbc Securities (Usa) Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Hsbc Securities (Usa) Inc is located at 66 Hudson Boulevard East, New York, NY. The firm employs 340 financial advisors to manage client portfolios and provide financial guidance. Hsbc Securities (Usa) Inc is a registered broker-dealer.

    Hsbc Securities (Usa) Inc oversees $3.0 billion in assets under management across 12,389 accounts, of which 1,416 are discretionary and 10,973 are non-discretionary. The services offered include portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and other services. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, and corporations, with retail investors being the largest client type by accounts. The fee structure at Hsbc Securities (Usa) Inc includes asset-based, fixed, and performance-based fees. The firm has 1,230 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, and commodity pool advisor.

    Hsbc Securities (Usa) Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $3.0 billion

    Number of Advisors

    340

    Disclosures

    No

    Office Location

    66 Husdson Boulevard East
    New York, NY 10001

    Hsbc Securities (Usa) Inc by the Numbers

    Total Assets Under Management

    $3.0 billion

    National Average: $8.6 billion
    Total Number of Employees

    507

    National Average: 64
    Total Number of Accounts

    12,389

    National Average: 375,227
    Average Account Size

    $243.8 thousand

    National Average: $23.0 thousand
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    Products and Services

    Hsbc Securities (Usa) Inc offers a variety of financial services, including portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and other services. However, Hsbc Securities (Usa) Inc did not provide any of its clients with financial planning services in the previous fiscal year. It does sell products or offer services other than investment advisory services to its customers.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial advice largely are based on which services are offered. Fees charged by Hsbc Securities (Usa) Inc most likely consist of some combination of the following fee types: asset-based, fixed, or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are provided by Hsbc Securities (Usa) Inc.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

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      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm manages money for a number of different investors. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, and corporations. Out of its 5 clients, Hsbc Securities (Usa) Inc's largest client type by number of accounts is retail investors, but it also manages money for 1230 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 9.93%
    • Other Individuals - 89.58%
    • Corporations - 0.49%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Hsbc Securities (Usa) Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Hsbc Securities (Usa) Inc

    Wendy Zimmerman
    Irvine, CA
    Shanshan Wu
    Cupertino, CA
    Mark Chen
    Arcadia, CA
    Drini Ahmeti
    New York, NY
    Cong Feng
    Arcadia, CA
    Heidi Lau
    Fremont, CA
    Christina Nikolaidi
    New York, NY
    Fei Yiu
    Chatham, NJ
    Rong Zhang
    Bellevue, WA

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