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Value for money
Based on 28 reviews
Our target market is Advice businesses that are looking to design, build and operate a technology enabled, outsourced Centralised Investment Proposition, with scalability in mind.
For those Advice businesses seeking higher levels of control, we also have different levels of partnership, which include the ability to collaborate on bespoke solutions (Appointed Investment Adviser) and to provide administration and technology services, to organisations with their own discretionary permissions (Outsourced DFM).
The Parmenion proposition is built from the ground up for Discretionary Fund Management and is therefore not suitable for Advisers looking for an open architecture platform, whereby full freedom and flexibility is needed on the part of the Adviser to make to make daily changes to client portfolios or fully bespoke solutions on a per client basis.
Aberdeen Standard announced plans to sell Parmenion. We understand that several private equity firms have submitted bids for the business. Parmenion's strength lies in a clear value proposition and advisers that work with them give them high marks. It is really a DFM with an integrated platform. It is squarely focussed on good customer outcomes and good service to financial advice businesses.
While Parmenion don't have a long history as a pension provider, they have partnered with Hymans Robertson to support advisers working with clients to manage income in retirement and longevity. Parmenion is focussed on building a scalable business. They won Platform of the Year at the Schroders UK Platform Awards in 2019. For financial advice businesses who aren't looking to offer a whole of market investment solution - but who instead want to focus on outcomes and planning - Parmenion is a good choice.
£7.5 bn as at 30 September 2020
Preservation Capital and Asset Co.
No integrations available for Cash Management
No integrations available for Cashflow Modelling
No integrations available for Client Portal
No other integrations available.
No integrations available for Practice Management System
No integrations available for Research
No integrations available for Suitability Profiling
Integrates One Way
Integrates Both Ways