| Michael has £700k | Olivia has £500k | Sofia has £30k | Total group charge | |
|---|---|---|---|---|
| No family Linking | 0.3% / £2,100 pa | 0.3% / £1,500 pa | 0.6% / £180 pa |
£3,780 pa |
| With family linking | 0.26% / £1,838.21 pa | 0.26% / £1,313.01 pa | 0.26% / £78.78 pa | £3,230 pa |
Multiple generations, different investments, one platform
Keep family wealth all in one place
Families have changed and so have we. Our family groups include cohabitees and step relations. So your wealth planning proposition can reflect the shape and dynamic of modern families.
Multiple family portfolios, one discounted fee
Our family linked discount for family groups means your clients could benefit from lower charges meaning there may be more to invest. This can make investing more cost-efficient, even for small investors within a family group.
Supporting your clients’ changing needs
As families grow and change so do their needs. With our wide range of products, wrappers and investment options, you have choice and flexibility to support those needs. Additional family members can be added to family groups at any time.
Who can be linked?
- Spouses, civil partners*, co-habitees, parents, children**, grandparents and grandchildren
- Trusts – where the client or the client’s family members listed above are the settlor of the trust
- A third party SIPP product – where the client or the client’s family members listed above are the SIPP member
- A third party bond – where the client and/or the client’s family members listed above are the bond holders or settlors of the bonds held in trust
- Corporate accounts – where all the shareholders in the company are eligible for family linking as above. For example, a Limited company owned solely by a married couple.
The family group must share the same adviser. * as defined by the Civil Partnership Act 2004. **including step children and adopted children.
Different solutions for different generations
- For younger family members, Junior ISAs that anyone in the family can contribute to
- A range of choices to support different growth strategies – from one-stop multi-asset funds to theme-specific funds
- MPS and DFMs to navigate markets and manage risk levels as wealth grows as retirement approaches
- Smoothed funds, designed to grow your clients money while smoothing the ups and downs of investment markets
Our family discount explained
Here are three examples of our family linked discounts in action. Click to expand the examples below
In this first scenario we look at Michael, Oliva and their daughter Sofia. They’ve been paying into her JISA for several years and she now has a balance of £30,000.
Their adviser knows that across all the family's accounts and wrappers they come above the platform's £1 million threshold. By linking all their accounts the family pay 0.3% on the first £1 million then 0.1% on any amounts between £1 million and £3 million.
This results in Sofia avoiding the £15 monthly minimum charge and the whole family benefiting from the reduced tier for the amount over £1 million. Family linking on the platform allows them to save a total of £550 in annual charges
For this second scenario David and Lucy each have a SIPP and an ISA on the platform with a combined value of around £200,000 each.
They have some money they would like to invest for their children, Jessica and Nick, so decide to start JISAs up to the £9,000 allowance.
David and Lucy's adviser combines all of the portfolios into a family group. The JISAs now avoid the platform's minimum £15 per month charge, instead paying the standard 0.3% pa saving the family £306 in annual charges.
|
David has £200K |
Lucy has £200K |
Jessica has £9K |
Nick has £9K |
Total group charge |
|---|---|---|---|---|---|
No family linking |
0.3% / £600 pa |
0.3% / £600 pa |
2% / £180 pa |
2% / £180 pa |
£1,560 pa |
With family linking |
0.3% / £600 pa |
0.3% / £600 pa |
0.3% / £27 pa |
0.3% / £27 pa |
£1,254 pa |
Our final scenario focuses on Alex and Charlie who each have multiple company pensions that total £50,000. Their adviser combines these into a family group, avoiding the £15 monthly minimum charge, saving the couple £60 pa.
|
Alex has £50K |
Charlie has £50K |
Total group charge |
|---|---|---|---|
No family linking |
0.36% / £180 pa |
0.36% / £180 pa |
£360 pa |
With family linking |
0.3% / £150 pa |
0.3% / £150 pa |
£300 pa |
We’re here to support you in helping families to invest in their future. All while future proofing and growing your business
It's today's hope. It's tomorrow's prosperity. And it's all connected through you.
M&G Wealth
M&G Wealth provide a range of tools, guides and support for you and your clients. Their website is also home to the third annual M&G Wealth Family Wealth Unlocked report.