By connecting each family member ’ s investments , the total family market value is applied to our administration fee scale . This establishes the family administration fee that will apply to each family member .
Therefore , the more you and your family invest with us , the more everyone benefits . This is illustrated in the example , where the administration fee sliding scale applied to the total family market value of the Smith family resulted in a 0.16 % saving in fees for all the connected family members .
Some of the ways that the Family Network enables all connected family members to benefit from reduced administration fees include :
• Parents and parentsin-law will enjoy longer-lasting post-retirement savings due to reduced fees .
• As the core investor , you and your spouse also benefit from lower fees – savings that you can use to boost your retirement investment . This helps you achieve your retirement goals , which means you will not burden your children when you retire , repeating the cycle of the ‘ sandwich generation ’ – where middle-aged adults find themselves raising dependent children and caring for ageing parents who don ’ t have adequate retirement provision .
• Your children can reap the benefits with a PPS Investment Account , from as little as R200 per month ( minimum for children under the age of 30 ), which is connected to your Family Network and qualifies for the reduced family administration fee . Helping your child to achieve financial independence is the best gift you can give them .
Your family members do not need to be PPS Members to connect to a Family Network , however , as a PPS member , you ’ ll be able to earn profit-share from your and your family ’ s assets by linking their OPN investments to your membership number .
“ Investing as a family can provide benefits on an individual and collective basis , while engendering a family culture of investing in future long-term wealth . The incremental savings that compound over the long-term can contribute substantially to your growth potential , ultimately helping you and your family reach your investment goals ,” Hugo says .
At PPS Investments , we ’ re geared to providing you with options and opportunities that will engender a culture of saving in your family , while building intergenerational wealth .
Visit www . pps . co . za / familynetwork , or speak to your financial adviser for more information .
37