To help you offer your clients a great deal and drive down the cost of investment, we offer extensive family linking. Clients can be linked across four generations to an unlimited number of family members.
Linking the value of a client’s assets to those held by their family members means we will base the percentage charge they pay – and the percentage charge their family members pay – on the total value of investments held by everyone who’s linked. Because the charge rate is lower the more that’s invested, everybody benefits.
The following investors are eligible for family linking:
- the following family members could be linked: Grandparents, Parents*, Spouse/Civil partner**, Brother, Sister, Children*** and Grandchildren*** of the client
- Trusts - where the client or the client’s family members as listed above are the settlor of the trust (including cases where he/she is investing for children/ grandchildren)
- SIPP investing in the Collective Investment Account (CIA) - where the client or the client’s family members as listed above are the SIPP member
- CIA held in an offshore bond where the client and/or the client’s family members as listed above are the bond holders or settlors of the bond held in trust
The Product/Service Charge (applicable to investments held under Charge Basis 3) is currently calculated based on the total value of assets held under a single Customer Reference number. The more assets a client holds, the lower the percentage charge. Where we accept a request to link clients, this benefit will extend to the assets held under any linked Customer Reference numbers.
* Parents include in-laws
** as defined by the Civil Partnership Act 2004
*** Children and Grandchildren include in-law, step and adopted