The M&G Wealth Platform offers family linked discounts and a wide range of solutions to help you meet the varying investment needs of your multi-generational clients.
Support multiple generations
Support children, parents and grandparents through different stages of their financial journey. By connecting multiple generations, you can create stronger, longer-term family relationships.
Unlock family discounts
Eligible family members may benefit from tiered platform charging based on the combined value of linked invested assets. As family wealth grows, platform charges can reduce across the group, helping more money stay invested.
Grow family relationships
Our broad definition of family includes co-habiting partners and step-relations, helping you build relationships with more family members.
Keep family wealth connected
From ISAs, JISAs and SIPPs to Bonds, MPS and DFM solutions, we give you the flexibility to support a wide range of financial goals through a single platform relationship.
Family wealth often spans multiple generations, account types and financial objectives.
With family linking we calculate our tiered platform charge on the combined assets held by a family group, rather than on each member’s individual assets.
If there’s an increase in the collective invested assets held by the family group, the overall percentage charge goes down for everyone.
Saving on charges means there may be more to be invested.
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.
More than just a discount
Our range of tax wrappers, investment solutions and retirement products can support different financial goals across the family.
Whether your clients are accumulating wealth, planning for retirement, thinking about inheritance or supporting younger family members, the M&G Wealth Platform helps bring those conversations together.
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 and retirement approaches
- Smoothed funds, designed to grow your clients money while smoothing the ups and downs of investment markets
Family linking in action
Here’s an example showing how a family could benefit from using the M&G Wealth Platform.
Anne, the lead account holder in the family group, and her partner Sam both have investments worth £100k and £150k respectively.
Anne’s parents, David and Sally, have SIPPs. David’s is worth £600K while Sally’s amounts to £200k.
Anne's child Tommy and her step-child Sky are both invested in JISAs for £6k each.
By linking all of their portfolios together the total assets are worth over £1 million. This reduces the annual platform charge. And because the JISAs are now part of the family group, they don’t incur the £15 monthly platform charge. In total, Family Linking saves the family group £448 a year.
The above example is for illustrative purposes only to show the discounts possible by linking accounts together. It assumes that the values for each family member remains the same throughout a 12 month period. The reduced platform charge achieved by the family in this example is 0.2883%.
Charges are calculated based on the value of investments only. Cash does not count towards this calculation, charging tier, or the minimum charge.