Structured product provider HQX has launched with the promise of a range of investments coming to the market over the next few weeks.
Founder James Hogbin, who set up Royal Bank of Scotland’s systematic asset management business, said HQX was committed to transparent pricing.
‘Our first initiative at launch is to develop a clear price commitment to our customers. Rather than embed charges in an opaque fashion, we believe that an investor is best served by a transparent, up front fixed fee for any product they buy,’ he said.
HQX will typically charge 3% on a structured product, which may also feature plan management and plan administration charges.