HSBC's premier investment management service

pdb939

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.

dunstonh

Expensive compared to other options available. Typically what you expect from bank offers DIMS.

pdb939

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?

dunstonh

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).

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.