Hsbc Securities (USA) Inc.

Registered investment adviser · New York, NY · CRD #19585

Form ADV data as of 2026-09-01

Regulatory assets

$3.84 billion

Total accounts

12,108

Employees

490

Disclosure events

111

Firm details

Website: https://www.us.hsbc.com/
Telephone: 212-525-2879
SEC file number: 801-64563
Most recent Form ADV filing: 2026-08-03
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 11 disclosure questions answered Yes, covering 111 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Charged with a felony (past 10 years)
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
Another regulator found a violation of investment-related regulations or statutes
Another regulator entered an order in connection with investment-related activity (past 10 years)
Another regulator denied, suspended, or revoked a registration or restricted activity
A self-regulatory organization found a false statement or omission
A self-regulatory organization found a violation of its rules
Currently subject to a regulatory proceeding that could result in a disclosure under 11.C., 11.D., or 11.E.

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$824.5 million
Non-discretionary regulatory assets under management	$3.01 billion
Total regulatory assets under management	$3.84 billion
Discretionary accounts	2,316
Non-discretionary accounts	9,792
Total accounts	12,108
Regulatory assets under management attributable to non-U.S. persons	$265.6 million

People

Total employees (excluding clerical)	490
Employees performing investment advisory functions (including research)	402
Employees who are registered representatives of a broker-dealer	365
Employees registered as investment adviser representatives with a state	199
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	251
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$3.91 billion
Clients for whom the firm has custody	12,636
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$239.4 million
Clients for whom a related person has custody	100
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	2

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Performance-based fees

Advisory services offered

Portfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsSelection of other advisers (including private fund managers)Other

Other business activities

Broker-dealer (registered or unregistered)Futures commission merchantInsurance broker or agent

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered security-based swap dealerCommodity pool operator or commodity trading advisorFutures commission merchantBanking or thrift institutionTrust companyInsurance company or agencySponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Brokers or dealers selected under 8.C.(3) are related persons
Receives soft dollar benefits

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	10,254	$2.15 billion
High net worth individuals	1,791	$1.55 billion
Pooled investment vehicles (other than investment companies and BDCs)	28	$88.0 million
Pension and profit sharing plans (not the participants or government plans)	8	$5.0 million
Corporations or other businesses not listed above	27	$45.5 million