Retirement & annuities
Getting to retirement, and making it last once you are there
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Wealth
Investments & portfolio management
One annual fee, stated in dollars, with no performance fee
Overview
Discretionary and advisory portfolios built to a written mandate you sign — setting out the objective, the risk budget, the asset allocation ranges and what we may and may not buy.
We charge one all-in annual advisory fee. No performance fee, no commissions from product providers, and no transaction charges that reward churning the portfolio.
Why HBI
One relationship, one fee, in writing
Wealth clients deal with one named banker across banking, credit, investments and fiduciary matters. That person knows your full position and does not need to be briefed each time you call.
We charge a single annual fee stated in dollars, take no commission from product providers, and manage every portfolio to a mandate you have read and signed.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Discretionary management, where we implement within the mandate
- Advisory portfolios, where every transaction needs your approval
- US and international portfolios, held in your own name
- Individual stocks and bonds, mutual funds and exchange-traded funds
- Quarterly reporting with performance against the mandate benchmark, after all fees
- Annual mandate review and rebalancing against your stated risk budget
What you need to qualify
- Minimum $500,000 for discretionary portfolios
- Minimum $50,000 for model portfolios
- A completed risk profile and investment mandate
- Source of funds verification
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Pricing
Pricing
Published here, and the same figure you will see in your quotation.
| Assets under management | Annual fee | Performance fee |
|---|---|---|
| $50,000 – $500,000 (model) | 1.10% | None |
| $500,000 – $2 million | 0.85% | None |
| $2 million – $10 million | 0.65% | None |
| Above $10 million | 0.45% | None |
Fees and rates are reviewed annually and published at least 30 days before any change takes effect. Terms and conditions apply.
How it works
Three steps, start to finish
What happens, in what order, and roughly how long each part takes.
Risk profile and objective
A structured conversation about what the money is for, when you need it and what loss you can tolerate.
Mandate
We draft the mandate, you read and sign it. Nothing is bought before it is signed.
Implementation and review
We implement, report quarterly against the benchmark after fees, and review the mandate annually.
Good to know
How we look after you
Three commitments that apply to every wealth product, this one included.
Reported after fees
Performance is shown quarterly, net of every fee, against the benchmark in your mandate. Gross figures sit beside it so you can see what the fee costs.
Held in your name
Investments are registered to you with an independent custodian. They are not on our balance sheet and are not available to our creditors.
Reviewed on a schedule
Your mandate is reviewed every year and your will and structures every two, or sooner after a marriage, a death, a sale or a move abroad.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
No. We think performance fees create an asymmetric incentive. Our fee is a flat percentage of assets, which is disclosed before you invest.
Discretionary means we implement within the agreed mandate without calling you each time. Advisory means you approve every transaction. Discretionary is faster; advisory keeps you in every decision.
Yes. International portfolios are held in your own name with our global custodian, and we provide the year-end reporting your tax adviser needs.
Quarterly, net of all fees, against the benchmark set in your mandate. Gross-of-fee numbers are shown alongside so you can see what the fee costs.
Related
You may also want
Products clients commonly hold alongside this one.
Private banking
A banker who knows your position without being briefed each time
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International banking
Accounts, investments and currency outside the United States, done properly
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Wealth
Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.