Ninety One launched the second phase of its Family Office development. The first phase allowed advisors to create a family on the Ninety One Investment platform. The second phase, “fee families”, charges a sliding-scale fee, based on the collective value of their assets on the platform. All family members enjoy reduced fees as assets grow. Ninety One said Family Office was designed to aid the asset manager and financial advisors in managing assets, even as they pass from one generation to the next.
