{
  "crd_number": 105686,
  "slug": "hsbc-global-asset-management-usa-inc-new-york-ny-105686",
  "primary_business_name": "HSBC GLOBAL ASSET MANAGEMENT (USA) INC.",
  "legal_name": "HSBC GLOBAL ASSET MANAGEMENT (USA) INC.",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1985-12-20",
  "years_registered": 40,
  "period": "2026-10-01",
  "filing_date": "2026-09-22",
  "carried_forward": false,
  "raum_total": 156561215534.0,
  "raum_discretionary": 149154666852.0,
  "raum_non_discretionary": 7406548682.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 100,
  "advisory_employees": 65,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 9237568481.0,
      "count": 11
    },
    "investment_companies": {
      "raum": 53871681758.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 1315091117.0,
      "count": 2
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 76821697275.0,
      "count": 49
    },
    "corporations_other_businesses": {
      "raum": 13087303118.0,
      "count": 30
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 2227873785.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "AL",
    "CA",
    "CO",
    "DE",
    "FL",
    "IL",
    "LA",
    "MA",
    "MI",
    "NE",
    "NH",
    "TX"
  ],
  "websites": [
    "https://assetmanagement.us.hsbc.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105686",
  "disclosure_items": [
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/hsbc-global-asset-management-usa-inc-new-york-ny-105686",
  "display_name": "HSBC Global Asset Management (USA) Inc.",
  "summary": "HSBC Global Asset Management (USA) Inc. is an SEC-registered investment advisory firm in New York, NY, registered since 1985, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 22, 2026.",
  "citation": "AdvisorCensus. HSBC Global Asset Management (USA) Inc. (CRD 105686): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is HSBC Global Asset Management (USA) Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), HSBC Global Asset Management (USA) Inc. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is HSBC Global Asset Management (USA) Inc. located?",
      "a": "HSBC Global Asset Management (USA) Inc.'s principal office is in New York, NY, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is HSBC Global Asset Management (USA) Inc. registered with the SEC or a state?",
      "a": "HSBC Global Asset Management (USA) Inc. is an SEC-registered investment advisory firm, registered since 1985. Status as filed: Approved. CRD 105686."
    },
    {
      "q": "How much does HSBC Global Asset Management (USA) Inc. manage?",
      "a": "HSBC Global Asset Management (USA) Inc. reports $156,561,215,534 in regulatory assets under management in its Form ADV filing dated September 22, 2026 (95% discretionary)."
    },
    {
      "q": "How have HSBC Global Asset Management (USA) Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for HSBC Global Asset Management (USA) Inc.: Regulatory assets under management: $130,388,914,787 in the October 2021 data and $156,561,215,534 in the October 2026 data, up 20%. Total employees: 106 in October 2021 and 100 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does HSBC Global Asset Management (USA) Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (49); corporations or other businesses not listed above (30); insurance companies (11)."
    },
    {
      "q": "Which custodians does HSBC Global Asset Management (USA) Inc. use?",
      "a": "HSBC Global Asset Management (USA) Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Market Securities Services Hong Kong (affiliated with the firm) and U.S. Bank, N.A. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does HSBC Global Asset Management (USA) Inc. report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105686"
    },
    {
      "q": "What changed in HSBC Global Asset Management (USA) Inc.'s recent Form ADV filings?",
      "a": "In the July 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 130388914787.0,
      "total_employees": 106,
      "filing_date": "2021-07-20"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 132667447153.0,
      "total_employees": 100,
      "filing_date": "2022-03-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 135888571743.0,
      "total_employees": 101,
      "filing_date": "2023-08-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 150497338051.0,
      "total_employees": 105,
      "filing_date": "2024-09-03"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 130495853323.0,
      "total_employees": 101,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 156561215534.0,
      "total_employees": 100,
      "filing_date": "2026-09-22"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 56 to 65.",
        "Regulatory assets under management went from $130,495,853,323 to $156,561,215,534 (+20%)."
      ]
    },
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Market Securities Services Hong Kong",
      "name_as_filed": "MARKET SECURITIES SERVICES HONG KONG",
      "affiliated": true
    },
    {
      "name": "U.S. Bank, N.A.",
      "name_as_filed": "U.S. BANK, N.A.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/hsbc-global-asset-management-usa-inc-new-york-ny-105686.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 53871681758.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 49,
      "fewer_than_5": false,
      "raum": 76821697275.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 1315091117.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 11,
      "fewer_than_5": false,
      "raum": 9237568481.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 1,
      "fewer_than_5": false,
      "raum": 2227873785.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 30,
      "fewer_than_5": false,
      "raum": 13087303118.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105686",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}