Providing investment advice to, and recommendations on, individual retirement account (IRA) assets imposes strict fiduciary duties and complex compliance responsibilities on HSBC Securities (USA) Inc. (“HSBC Securities”) and HSBC Securities Advisors.
To assist with these compliance regulations, HSBC Securities has simplified our IRA product and service offerings, which will allow us to provide high-quality products and services for individual retirement account (IRA) assets with a focus on:
Investment advice or recommendations from HSBC Securities’ Advisors for IRA assets will only be available for the above products and services.
Other wealth products, including but not limited to mutual funds, individual equities, and fixed income, may still be purchased in an IRA account, however these assets will not be advised through an HSBC Securities’ Advisor. These products will only be available in a non-advised, execution only IRA account, which are sometimes referred to as “self-directed” or “client-directed” accounts.
Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are provided by unaffiliated third parties and offered through HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, National Association. Products and services may vary by state and are not available in all states. California license #: OD36843.
|ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES||ARE NOT FDIC INSURED
||ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
||ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES
||MAY LOSE VALUE|
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.
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