Parmenion

The service that might just turn the simplified advice tide

Is advisers’ love affair with it masking its shortcomings?

Caerus group has appointed a new managing director, while signing a new deal with Parmenion to manage its portfolios.

Aviva has emerged as the highest ranked platform in the Platforum's market monitor for the third quarter.

Parmenion Capital Partners has reported pre-tax profits of £568,000 for the year ending 31 March, up from £251,000 the previous year.

Discretionary fund manager (DFM) Parmenion said it has witnessed a surge in new funds under management since the start of the year due to increased appetite among advisers to review their investment propositions.

More than a quarter of advisers cite cost as the most important consideration for platform implementation, according to research.

MULTI-ASSET

Platform and discretionary fund manager Parmenion said it is attracting about £20m of new business per month, after revealing its tiered charging structure ahead of the Retail Distribution Review (RDR).

Parmenion has been selected as the sole provider of investment infrastructure for CAERUS Portfolio Management Limited (CPML), the fund management arm of CAERUS Capital Group.