We are excited to announce the launch of an enhanced client grouping feature on the Söderberg & Partners Wealth Management platform.

In addition to grouping clients for platform fees, it is now possible to combine family linked clients to calculate ongoing adviser fees. This means that assets across the family linked accounts can be combined, potentially resulting in reduced fees.

What is new?

• Client groups can now include ongoing adviser fees
• Assets held across the group can be combined when calculating ongoing adviser charges
• As with platform fees, combining assets within a group can help clients reach fee discount thresholds faster, potentially reducing overall costs.

Group Purpose Options:

When setting up a client group, you can now select the purpose of the group:

• Platform Fees
• Ongoing Advisor Fees
• Platform & Advisor Fees

The same platform fee rules and eligibility criteria will apply, with the added benefit of adding a ‘group purpose’ to determine the type of group fees to be included.

You can see how this works for platform fees by following the below link:

How are platform fees calculated for clients within a family group? – Söderberg & Partners Wealth Management

You will also see the ‘group purpose’ under the main client groups list.

Further information regarding family linking can be found by following the below links:

Setting up and management of family linking – Söderberg & Partners Wealth Management

Can I set up family linking? And what are the parameters? – Söderberg & Partners Wealth Management