HSBC targets 2.8m accounts with robo-adviser launch

Pedro Gonçalves
clock • 2 min read

HSBC is the latest bank in the UK to roll out an online advised service, targeting clients with investable assets of £1,000. The service, marketed under the name My Investment, would be offered to the 2.87 million retail account holders who met its criteria. The lender hopes to attract retail clients, including many who may not have considered wealth management an option in the past.  The online platform designed to make wealth advice accessible to investors, will be available from as little as £1,000 to invest at an initial charge of 0.5% followed by fees of up to 0.46%. Advice wi...

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