HSBC Securities (USA) Inc. ("HSBC Securities") offers a simplified IRA product and service offering, which will allow us to provide high-quality products and services for individual retirement account (IRA) assets with a focus on:
- Managed account solutions
- Single Premium Immediate Annuities
Investment advice or recommendations from HSBC Securities’ Advisors for IRA assets will only be available for the above products and services. Moreover, HSBC Securities (and its affiliates) does not act as a fiduciary under the retirement laws with respect to your HSBC IRA, except where it agrees to do so in writing, including, in providing on-going advisory services through one of its managed account solutions.
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, annuities, and variable life insurance products 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 offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.
Investments, Annuity and Insurance Products:
| ARE NOT A DEPOSIT OR OTHER 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 consultation with your independent tax advisor.
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United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts - including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts ("FBAR")). U.S. persons should consult a tax adviser for more information.