HSBC My Investment
HSBC’s My Investment service is only available to bank customers. It has a one-off advice fee of 0.5%, which is only payable if an investment is made.
The retail banking giant’s platform offers both standard and sustainable portfolios through ISAs with a mix of investments managed on the customer’s behalf.
After answering a series of questions, customers are sent a personalised investment recommendation report which will recommend an HSBC investment tailored to their needs.
There is an annual maintenance charge of around 0.49% a year to cover the running of the investments.
Available products & wrappers
| General investments | ISAs | Lifetime ISAs | Junior ISAs | Pensions & SIPPs | Junior pensions & SIPPs | Other |
|---|---|---|---|---|---|---|
Table of charges
| Platform charges | Product charges | Other charges | |
|---|---|---|---|
| One off advice charge | 0.5% of the initial amount invested (if monthly payments are being made it will be on the value of 12 months of contributions) | ||
| Annual maintenance charge | 0.49% |
Minimum investments
| Lump-sum | Top-ups | Monthly |
|---|---|---|
| Minimum of £1,000. | Top-ups allowed at any time. | Minimum of £50 per month. |
Compare + Invest review of HSBC My Investment
| Products & wrappers | Research & guidance | Charges | Overall rating |
|---|---|---|---|
This is the high street giant’s share-dealing and investing platform, which is only available for HSBC customers. It requires minimum investments of £50. Everything is done from internet banking or the app, which means it’s single sign on and easy to set up an account.
Our review of HSBC My Investment
We like the online articles on investing and the live chat function is good but a few more communication options wouldn’t go amiss.
