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Created on Thursday, 16 December 2010 00:00

Addressing your Zero Strategy Clients

 For several years, since the advent of platforms, a body of industry consultants have been recommending to UK Advisers that they get rid of their smaller clients. The reasoning underpinning this is that smaller clients are supposedly a drain on time and resources and that an Adviser’s efforts should be focussed on those clients whose assets are sufficiently sizeable and whose capacity to pay are sufficient to justify the Adviser’s time.

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Created on Tuesday, 16 November 2010 00:00

Parmenion, the independent investment and technology partner for IFAs, has been awarded the Citywire Advisers’ Choice Award for a Small Firm. Citywire’s expert panel, consisting of hundreds of financial planners, was asked to identify those wealth managers who have provided the best combination of service and investment performance for the needs of their clients. They were asked to rate discretionary managers on a scale of one to five in the categories below:

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Created on Wednesday, 27 October 2010 00:00

Parmenion, the independent investment and technology partner for IFAs, has appointed a UK Sales and Marketing Assistant, Ross Cains.

Ross will hold a dual-role, providing support to both Parmenion’s UK sales team and the marketing function. Ross will help coordinate and assist sales activities across all regions, as well as, working directly with IFA’s to harness the potential of Parmenion’s capabilities. Ross will also provide support to PR & Communications Manager, Tiffany Hardie-Evans, in relation to all Parmenion’s PR and Marketing campaigns.

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Created on Thursday, 21 October 2010 00:00

Joss Harwood FPFS, CFP,
Chartered and Certified Financial Planner,
Eldon Financial Planning             

When we met with the Parmenion team in Bath the sun finally came out for us. We had been aggregating client investments onto the Skandia platform and were happy with the product and the personal service but in 2007 doubts started to creep in about actively managed funds. We were surprised by some of the underlying holdings and frustrated by widely varying performance. We couldn’t control the asset allocation or risk for clients nor identify in advance the small proportion of funds that would outperform each year. The defining moment, however, was when we considered the effect of portfolio turnover. This was an astonishing revelation and, in a low return environment, the real investment cost was simply unacceptable. We therefore started two years of research into passive funds.

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Created on Thursday, 21 October 2010 00:00

Eldon Financial Planning has outsourced investment management to Parmenion Capital Partners.  County Durham-based Eldon has moved around 40% of its £62 million of assets under management over the past year into ten passive portfolios managed by discretionary fund manager Parmenion.