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Created on Thursday, 16 December 2010 00:00

Since the original Financial Services Act 1985 invented the concept, the word “independent” has become the watchword among Financial Advisers, many of whom so strongly identify with the label, that it has become almost a personal statement of professionalism.

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Created on Thursday, 16 December 2010 00:00

London, 15 November 2010 – Parmenion, the independent investment and technology partner for IFAs, Parmenion will also benefit from automated net settlement services through trade order matching and will reap the advantages of Calastone’s streamlined approach to the reconciliations data reporting process. has selected Calastone’s independent cross-border transaction network to take advantage of automated order routing and dealing efficiencies.

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Created on Thursday, 16 December 2010 00:00

Nothing in the career of an IFA is more satisfying than seeing longstanding clients achieve their financial goals. That is what the job is all about - helping individuals secure and enhance their income in retirement, cope with mortgage debt, provide for their children and absorb unexpected shocks. Above all, from the perspective of the consumer, this is where the real economic benefit of the profession lies. In the new age of austerity the signs are that the savings habit could be ready to make a significant comeback which will provide new opportunities for advisers. But how can IFAs do more to improve the outcomes of the saving and investing processes for their customers? Patrick Ingram, at Parmenion, the independent investment and technology partner for IFAs, discusses.

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Created on Thursday, 16 December 2010 00:00

The days of simply selling financial products are gone.  Not just from the demise of commission but as much from the recognition that businesses run on that model are likely to be valueless, if not now, then in the near future.

Advisers must make choices as to the business model they wish to pursue and in the run up to RDR there is little room for error. However, there are ways of working which make a financial advisory business not only far more satisfying to manage, but most importantly, that will provide clients with services they are happy to pay for and which add real and sustainable value in the business itself.

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Created on Thursday, 16 December 2010 00:00

A positive association with Greece

Some may say that an association with Greece may not be helpful at this moment in time, but that should not get in the way of Parmenion Capital Partners LLP as ‘Parmenion’ was the legendary Greek general that enabled the expansion of the Greek empire. 

I am sure Parmenion won’t mind me saying so but it is one of the less well known Platform Operators in the market at the moment.  The name of the company sounds more like a Private Equity company and AT8 spoke to Richard Mein the Managing Partner and founder of the business to find out more about the company and what it does.  In 2006 a number of experienced investment specialists set up the company to deliver a vision of the company that is a little different to some of the other larger, more established Platforms.  Parmenion operates from offices in Bath with a team of approximately 30 people (the West Country is something of a hotspot for Platforms with Novia and Ascentric in the area plus Elevate just down the road in Bristol).