Hsbc Bank Usa, N.A.
$5.5B reported client assets across 8 advisory firms in FY2025 annual amendments
Reported client assets over time
Same-firm comparison: 6 firms that reported Hsbc Bank Usa, N.A. in both FY2024 and FY2025 annual amendments (ADV Item 5.K.(3)). Fiscal years come directly from the SEC filing-type table; filing dates are not used as a year-end proxy. 2017, 2018, 2021, 2022, 2023 are shown but partial — only FY2017: 2 cohort firms, FY2018: 3 cohort firms, FY2021: 4 cohort firms, FY2022: 4 cohort firms, FY2023: 4 cohort firms.
| Advisory firm | RAUM at custodian | Firm total AUM | Share | As of |
|---|---|---|---|---|
| Stone Ridge Asset Management Llc | $4.8B | $36.3B | 13.1% | 03/31/2026 |
| Aegon Usa Realty Advisors, Llc | $213M | $394M | 54.0% | 03/27/2026 |
| Graycliff Partners Lp | $193M | $2.0B | 9.8% | 03/18/2026 |
| Hsbc Securities (Usa) Inc. | $151M | $3.8B | 3.9% | 03/31/2026 |
| Parkview Us Llc | $134M | $312M | 42.8% | 02/26/2026 |
| Mangrove Partners Im, Llc | $29.0M | $2.7B | 1.1% | 03/31/2026 |
| Hale Partnership Capital Management, Llc | $23.4M | $788M | 3.0% | 03/31/2026 |
| Gladius Capital Management Lp | $2.0M | $2.9B | 0.1% | 03/24/2026 |
From Form ADV Schedule D 5.K.(3): custodians named at the 10%-of-SMA-assets threshold, with reported dollar amounts. "Share" is reported amount as a share of the firm's total regulatory AUM.