Hsbc Securities (Usa) Inc. (New York)

Hsbc Securities (Usa) provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and provide asset alloc recommendations & based upon such recommendations 3rd party adv to manage assets pursuant to client approval. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hsbc Securities (Usa): assets under management

The assets under management (AUM) of Hsbc Securities (Usa) Inc. is $3.38 billion. The firm's AUM has gone down by -43% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $287.25 million in discretionary accounts and $3.09 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.42 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $176.86 thousand.

Hsbc Securities (Usa) has custody of $3.41 billion in cash and securities for 18,098 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is state and local bonds, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hsbc Securities (Usa) Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Patrick Michael Mr Nolan serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Patrick Michael Mr Nolan is individuals with 13,847 clients and $2.08 billion of assets under management. Among the 13 most similar advisory firms, Hsbc Securities (Usa) has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.38 billion for 17,533 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Hsbc Securities (Usa) also advises several private funds. Namely, two real estate funds, nine private equity funds, and one venture capital fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Hsbc Securities (Usa) Inc.

The company employs 1,017 people that are either part- or full-time employees. 21 percent of the employees work as investment advisers or researchers. 207 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Patrick Michael Mr Nolan has been acting as President since 1 May 2011. Shaun Michael Mcdougall joined the executive team most recently as the Director And Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 8 indirect owners.

Based in New York

The principal office where Hsbc Securities (Usa) Inc. performs its advisory services is located at 330 Madison Avenue, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Brooklyn, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-525-2879 or by fax 212-525-5239. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at us.hsbc.com/1/2/3/personal/other-services/investing.

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