HQX, founded in March 2012 by James Hogbin, will unveil its initial range of UK-focused products in the next few weeks. It will typically charge a 3% fee on its structured products, and depending on how the investment is held, there may be a separate plan management and plan administration charge.
The boutique will eventually roll out its products across the European market, and claims it will initiate change in the structured product arena.
Prior to setting up HQX, Hogbin held a range of positions including chief technology officer at Lansdowne Partners and Link Asset & Securities. Most recently he worked in the systematic asset management department at RBS.
Hogbin said: “The embedding of a long list of charges in an opaque fashion within an investment has a deadly effect on long-term product returns and we want to move the industry to a new, more transparent model. Like any service, we believe you should know upfront exactly what you’re going to have to pay.”
