Parmenion is committed to transparency and competitiveness in its charges. Our Administration and Custody charge is tiered and starts at 0.30% per annum excluding VAT with an initial charge of 0.25%.
The tiered pricing structure rewards clients the more they invest and is applied to an individual’s entire investment portfolio. The charging is highly competitive across all portfolio sizes and is available to new and existing clients.
The discretionary investment management fees raised by the portfolio managers vary. Our in house manager, Parmenion Fund Research (PFR) charges 0.30% plus VAT on actively managed investments although other manager's charges may vary. All Passive investment solutions are managed with a nil discretionary management fee.
Where possible and fairly priced, Parmenion purchases institutional funds. Where retail funds are purchased trail commission received is paid directly back to the client portfolio.
Parmenion's Portfolio Builder includes a Total Annual Charge (TAC) calculator as part of the online functionality. With this unique facility Parmenion's potential client costs are completely transparent even before application.
Adviser’s fees as agreed between Advisers and Clients are collected as part of the platform functionality. These can be on a flat or percentage of the assets basis as required. All fee payments are made weekly to the Adviser.