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IFAs say they do not feel threatened

IFAs says they do not feel threatened by HSBC’s decision to multi-tie.

HSBC will be offering products from Fidelity, Gartmore, Invesco Perpetual,JP Morgan Fleming and Schroders but IFAs say they do not see the bank as a threat. Most IFAs argue that clients benefit from their breadth of thinking, not just access to any number of funds.

John Scott and partners financial planning director Amanda Davidson says: “I would see the HSBC multi-tie as the training ground for our next clients because their customers will eventually decide they need more comprehensive advice.”

Compass director Chris Morgan says: “It is a brave step by HSBC because they will be able to offer their clients more funds but I cannot see how it would be a threat to my business bec-ause HSBC are still limited to a number of providers.”


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HSBC first bank to multi-tie

HSBC has become the first bank to multi-tie, offering highstreet customers funds from Fidelity, Gartmore, Invesco Perpetual, JP Morgan Fleming and Schroders.

Investec appoints new Gulf investment manager

Investec has appointed Tony Zeiger from Barclays Private Bank, with responsibility for the development of investment management in the Gulf region. At Barclays, Tony was senior investment adviser responsible for high net-worth clients in the Gulf states and Africa. At Investec he will develop the firms investment consulting service, offered exclusively to ultra high net […]


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