Network Benefits

The benefits of setting up a Netwealth Network

Our family and friends Network allows clients to share the benefits of the Netwealth service.

As a client, you can invite up to seven additional family members or friends to your Network, allowing access to the service and driving fee benefits for everyone. Fees are calculated on the Total Invested Amount from all members of the Network and each individual can still pursue the financial goals that best suit their age and requirements. This is particularly powerful for families wanting to share investment benefits across generations.

An Example of How Families Can Invest Together

Investing with a Private Wealth Manager

General Acc. £250k
Annual Fee £4,550

ISA £75k
Annual Fee £1,365

Pension £175k
Annual Fee £3,185

ISA £5k
Annual Fee N/A

Total Investment £500k
Total Fees £9.1k

Investing with Netwealth Individually

General Acc. £250k
Annual Fee £1,875

ISA £75k
Annual Fee £675

Pension £175k
Annual Fee £1,575

ISA £5k
Annual Fee N/A

Total Investment £500k
Total Fees £4.1k

Investing as part of a Netwealth Network

General Acc. £250k
Annual Fee £1,500

ISA £75k
Annual Fee £450

Pension £175k
Annual Fee £1,050

ISA £5k
Annual Fee £30

Total Investment £505k
Total Fees £3k

A saving of £7k per annum or more than £100k over 10 years*

Wealth manager fee is 1.86% - source: Numis Securities, Citywire Wealth Manager, February 2015.

*Based on an average gross investment return over the 10 years of 6% per annum

An Example of how clients can benefit

Mary opens a Netwealth account with £250,000 paying an annual fee of 0.5% - already far lower than the average UK wealth manager’s charge. She can then invite others to join her network; for example, if her husband adds his ISA portfolio of £75,000 and a parent transfers their pension of £175,000, they will all benefit from the lowest fee rate of 0.35% since their total Network’s assets are £500,000.

Mary’s son could also be added to the network, open an ISA for £5,000, gain full access to the Netwealth service and yet still pay the same 0.35% as the rest of the network. He could also continue to add to his savings from as little as £100 a month.

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