Rating Index
Pros
Established reputation with over 25 years of experience in the insurance industry.
Offers a wide range of tailor-made insurance solutions to meet diverse client needs.
Emphasizes exceptional customer service with immediate advice provided over the phone.
Cons
Limited employee count may affect the capacity to handle a large volume of clients efficiently.
Potential lack of online resources or support, as the focus is on phone-based communication.
Growth metrics indicate a decline in employee retention and overall growth, which may raise concerns about stability.
HPB broker Accounts
HPB Account Type
HPB offers a variety of account types to cater to different trading needs. The primary account types include:
Self-Directed Brokerage Account: This account allows investors to manage their own investments, trading equities, ETFs, and mutual funds at lower costs. It is designed for individuals who prefer to make their own trading decisions without the assistance of a financial advisor.
Margin Account: While currently not available, this type of account would allow investors to borrow funds to purchase securities, increasing their purchasing power.
Retirement Accounts: HPB plans to offer individual retirement accounts (IRAs) in the future, providing tax-advantaged options for retirement savings.
Cash Account: In this account type, investors must pay the full amount for securities purchased and cannot borrow funds from the brokerage.
Eligibility: Ensure you are an existing HPB bank customer with online banking access. You must also certify that you are a full-time legal resident of the U.S.
Account Type Selection: Choose the type of account you wish to open, such as a self-directed brokerage account or a cash account.
Application Submission: Complete the online application form, providing necessary personal information, including your name, Social Security number, address, and employment status.
Identity Verification: HPB conducts verification checks during the onboarding process to confirm your identity.
Funding Your Account: After your account is approved, you can fund it through various methods, such as bank transfers or debit/credit cards.
Trading: Once your account is funded, you can start trading by selecting the securities you wish to invest in through the trading platform.
HPB Broker Account Opening Process
Opening a broker account with HPB involves several steps:
For more detailed information, you can refer to the official HPB website.
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