Investment Watch: Matt Morris's verdicts on recent developments

The Intruder HSBC has launched an online advised service, My Investments, targeted at clients with investable assets of £1,000 at an initial charge of 0.5% followed by fees of up to 0.46%. It is intended to appeal to those who may not have used a wealth management service before and will recommend one of five HSBC Global Strategy funds - Cautious, Conservative, Balanced, Dynamic and Adventurous. It is designed to complement HSBC's current telephone and face-to-face wealth service and seems unlikely to prove a threat to financial planning as the types of questions they can answer are not c...