HSBC My Investment Review

as of 09/03/2021 at 10:58 am

Holly's View

For less confident investors who are looking for the security of a big brand bank, and some handholding along the way, this service is a decent start. Onboarding feels long and it is hard to keep up the enthusiasm to complete. Charges are fair – less than 1% in Year One which includes advice.

Our Rating

Recommended For

Beginner Investor

In a nutshell

Big global brand

For HSBC customers only

Thorough online questionnaire

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Your overall rating

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What to Expect

Investment Choice


Stocks and Shares ISA

Investment Account

Investments available

Own brand funds

Funds from other groups

Stocks and shares

Investment help

Robo advice / ready-made portfolios

Pick your own funds

Pick your own shares

The 'Geeky' Details

Provider details

Effectively this is a detailed analysis into what you can afford, your income, disposable cash, what risk you can stomach and whether you should be investing at all. The questionnaire can start to feel like it is going on forever but it’s thorough and should eliminate nasty surprises down the track.

Investors will end up with £ forecasts for poor conditions, intermediate conditions and good conditions based on what you’re paying in. The actual investments will be in the HSBC Global Strategy range – a ‘multi asset’ fund which has a range of global investments.

Charges are 0.5% for the advice (based on the contributions in the first year) and 0.49% in ongoing investment costs. For our test scenario of £10,000, the all-in annual fees were £99 for the first year.

This review is for the Digital Advice journey called HSBC My Investment . We think this is the most interesting service – if you’re after a fund or share dealing account where you choose your own, there are better alternatives.

Important Facts & Figures

Provider Size:

Part of HSBC, which is among the largest banks in the world.

Minimum amounts: £50 minimum monthly amount
£1,000 minimum initial amount