Investments & portfolio management
One annual fee, stated in dollars, with no performance fee
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Wealth
Retirement & annuities
Getting to retirement, and making it last once you are there
Overview
Traditional and Roth IRAs and 401(k) rollovers while you are saving, and managed withdrawals or annuities once you draw an income. The two phases need different thinking, and we plan for both.
The withdrawal decision matters more than most people expect. We model the sustainable income from your savings and show you the probability of it lasting, rather than quoting a single comfortable number.
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
- Traditional, Roth and SEP IRAs
- Rollover IRAs for 401(k), 403(b) and pension transfers
- Roth conversion analysis, with the tax cost shown before you convert
- Managed retirement income portfolios with a withdrawal rate you set
- Fixed and income annuities, including inflation-adjusted and joint-life options
- Required minimum distributions calculated and paid on schedule
What you need to qualify
- Earned income to contribute to an IRA; Roth eligibility depends on your income
- Minimum $100,000 for a managed retirement income portfolio
- Rollovers accepted from any qualified employer plan or IRA
- Social Security number or ITIN for tax reporting
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.
| Withdrawal rate | First-year income | Probability of lasting 30 years |
|---|---|---|
| 2.5% | $25,000 | Very high |
| 4.0% | $40,000 | High |
| 6.0% | $60,000 | Moderate |
| 8.0% | $80,000 | Low |
| 10.0% | $100,000 | Very low |
Fees and rates are reviewed annually and published at least 30 days before any change takes effect. Terms and conditions apply.
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.
A Traditional IRA may give you a tax deduction now and is taxed on withdrawal. A Roth is funded with after-tax money and qualified withdrawals are tax-free. We model both against your expected tax bracket in retirement.
Managed withdrawals keep the savings and the risk with you; an annuity transfers both to the insurer in exchange for guaranteed income. Many retirees do best with a blend, and we model that explicitly.
Yes, by direct rollover into an IRA, which avoids tax withholding. It usually takes two to three weeks, and we compare the fees in your existing plan before recommending it.
It depends on your age, savings and other income. As a general guide, above 5% carries material shortfall risk over a thirty-year retirement. We model your specific position.
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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.