Investments & portfolio management
One annual fee, stated in dollars, with no performance fee
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Wealth
International banking
Accounts, investments and currency outside the United States, done properly
Overview
Multi-currency accounts, international investments and cross-border planning for clients with assets, family or obligations in more than one country.
The reporting is the hard part. We prepare the information you need for your foreign account filings, so your position is compliant from the outset rather than corrected later.
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
- Multi-currency accounts in EUR, GBP, CAD, CHF, JPY, AUD, MXN and SGD
- International investment portfolios held with our global custodian
- Banking for US citizens living abroad and for non-resident clients
- Mortgages for foreign nationals buying property in the United States
- Cross-border estate planning alongside our fiduciary team
- International card with no foreign transaction fee
What you need to qualify
- A Social Security number or ITIN, or a W-8BEN for non-resident clients
- Private banking qualification
- Minimum $25,000 equivalent for international investment portfolios
- Source of funds and source of wealth 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.
| Requirement | Applies when | Filed with |
|---|---|---|
| FBAR (FinCEN Form 114) | Foreign accounts total more than $10,000 at any time in the year | FinCEN, by April 15 |
| FATCA (Form 8938) | Foreign assets exceed $50,000 at year end, single filer in the US | IRS, with your tax return |
| Foreign gifts (Form 3520) | Gifts from a foreign person exceed $100,000 in a year | IRS |
| Currency transport | Carrying more than $10,000 in cash across the border | US Customs |
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.
Confirm your position
Tax residency, existing foreign holdings and what the money is for. This determines the structure.
Open and fund
We open the accounts, verify source of funds, then execute the currency conversion through the markets desk.
Invest and report
Funds are invested with our global custodian, with consolidated reporting alongside your US holdings.
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. The United States does not cap how much you can send abroad. Large transfers are reported to regulators, and we verify the source of funds before sending.
Yes. US citizens and residents are taxed on worldwide income wherever they live, with credits for foreign tax paid. We report everything your tax adviser needs for your return.
You can keep your HBI accounts. Your filing obligations continue, and some investment products are restricted for clients living outside the United States. Plan before you go, not after.
Assets are held in your name in segregated custody and are not on our balance sheet. FDIC insurance covers deposits held at HBI in the United States, not investments or deposits at foreign banks.
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Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.