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HSBC's premier investment management service
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# 1
pdb939
Old 17-11-2010, 10:22 PM
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Default HSBC's premier investment management service

Does anyone have any particular opinion or assessment of HSBC's premier investment management service. I have been thinking seriously about using this service or take advantage of a buy to let property and just cannot make up my mind. Any thoughts would be, therefore, appreciated.
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# 2
dunstonh
Old 17-11-2010, 10:29 PM
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Expensive compared to other options available. Typically what you expect from bank offers DIMS.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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pdb939
Old 18-11-2010, 2:58 PM
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Thanks for that - do you have any particular suggestions on the safe investment side or do you think a buy to let house would be wiser in the long run?
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# 4
dunstonh
Old 18-11-2010, 3:20 PM
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Quote:
do you have any particular suggestions on the safe investment side
Cant say as we dont know your objectives, requirements, tax position (now and future), investment knowledge and experience or what you mean by "safe" (as in context).

Quote:
do you think a buy to let house would be wiser in the long run?
Depends on your tax position, objectives, requirements, other assets, your risk profile....... and a large crystal ball.

All we can say based on what you have posted so far is that the DIM services offered by banks is typically expensive and generally quite low quality. They also tend to go overweight in their own brand investments as well which defeats the purpose of using a DIM. You may as well use an IFA in that case and remove a layer of charges that the DIM would have.
I am a Financial Adviser. Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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