Family wealth planning on the
M&G Wealth Platform

Family linked discounts and a wide range of solutions to help you meet the varying investment needs of your multi-generation clients.

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Multiple generations, different investments, one platform

A family group can include spouses, civil partners, cohabitees, parents, children, grandparents, grandchildren and step relations. 

More family wealth all in one place

Families have changed so we have too. Our extended family groups now 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 and so have more to invest. More opportunity for you. More discounts for your clients. More value for everyone.

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 when responding to those needs. Additional family members can be added to family groups at any time.

We’re here to support you in helping families to invest in their future while future proofing and growing your business

It's today's hope. It's tomorrow's prosperity. And it's all connected through you.

Our family discount explained


Take a look at three useful scenarios below.

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 second scenario looks 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

  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

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

Family Wealth Planning Articles 

We have a range of articles and webinars exploring intergenerational wealth, along with insights, trends and key findings from the third M&G Wealth Family Wealth Unlocked report.

View our range of support materials

Want to know more?

M&G Wealth - Family Wealth Hub

Go to the M&G Wealth Family Wealth hub to download the third annual M&G Wealth Family Wealth Unlocked report and key findings. M&G Wealth also provide a range of tools, guides and support for you and your clients.

Visit the M&G Wealth Family Wealth Hub