Parmenion Capital Partners LLP

Parmenion has a unique offering for IFAs, enabling them to outsource the investment management of their client's assets at a very small minimum investment level - just £7,000 - and a cost that is accessible to even the smaller high street adviser. We have made a point of partnering with firms who offer IFAs top-level investment and service solutions and believe the Parmenion service provides an invaluable resource for the Advisery community.

Parmenion Capital Partners, providers of outsourced investment platform services, is to join forces with SimplyBiz on its Capital Reward incentive initiative - highlighting the benefits of the Parmenion service to thousands of financial advisers.

The deal will enable SimplyBiz advisers using Parmenion's discretionary investment platform, which launched last April, to take advantage of the free shares SimplyBiz is giving to its member firms in a new offer designed to enable principals to generate additional capital value.

The Capital Reward Scheme is a ground breaking scheme where members of the Scheme are gifted a minimum of £60,000 shares per firm in Capital Rewards Ltd. The shares are given on two conditions: they must be held for five years and they must also be vested in companies signed up to the deal, such as Parmenion, although the scheme is whole of market.

"SimplyBiz is a key player in the IFA network arena and we are very pleased to be partnering with them in the Capital Rewards initiative. At Parmenion, we fully support any venture designed to help advisers add real value to their businesses as this is also the mainstay of our own business model. The outsourced investment service we supply now to several hundred advisers is, I believe, one of the best tools available to help generate some significant business value."

Parmenion is a wholly independent partnership founded in 2006 to offer fundbased discretionary investment management services to the modern Financial Adviser. The company has assembled a team of senior investment and operational professionals to produce cost effective, institutional quality investment management services designed to meet the requirements of today's financial planners and their clients.

Parmenion's pioneering service offers both the consolidation benefits of a wrap platform, with access to onshore, offshore, PEP, ISA and SIPP portfolio wraps, as well as professional management of the underlying mutual fund investments from a minimum of £7,000.