Has anyone used HSBC PIMS for managing their investments?

by , 23 Jun 2012

I'm just about to transfer all our ISAs to HSBC who will manage them. Anyone else doen this?

Answers

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Hello and welcome to the forum,

If you're looking for customer stories, you can try searching the internet - you may well find people who are willing to talk about their stories. If you'd like to compare it against other ISA providers, you can find a list here: http://www.money.co.uk/savings-accounts/isa-savings.htm

Hope this helps,

Tom

by TomCo, 10 Nov 2012

Hi boss64, have you considered receiving independent advice?

by benthom23, 6 Jan 2014
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We have done a similar transfer and are regretting it!
In 9 months we now have 98% of what we started with. The HSBC Financial Adviser is hopeless and does not seem to have the time, the inclination or the skills to answer basic questions on the quarterly reports we have received.
This seems to be a case of any income that is received is used to pay HSBC charges leaving nothing for the investor.
So if anyone else is considering such a move, DON'T!

by boss64, 14 Dec 2013

I am just about to write to HSBC and the regulatory authority about my concerns. Will keep you posted

by boss64, 14 Dec 2013

Our next quarterly report is due soon will keep you posted on results

by boss64, 14 Dec 2013

If you think it's complicated now wait til you try to cash in your investment. It takes forever. In the meantime your investment will probably go lower due to the exorbitant charges. HSBC charge top draw management charges but performance is bottom draw. Keep well away

by rog56, 4 months ago
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Don't touch HSBC PIMS with a barge pole. They are incompetent. Charges high and performance low. Trying to cash in your investment takes weeks. I speak from experience.

by rog56, 3 months ago

Posts within the money.co.uk community represent the views, experiences and opinions of members and experts only. They should not be taken as financial advice and should not be followed without further research.

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