Independent due diligence assessments 2021: threesixty
For financial professionals only
Each year we update our Due Diligence materials for advisers to give a clear picture of our business, its scale, governance, leadership personnel and our approach to resilience. This helps advisers meet their regulatory obligations to research providers before making a suitability recommendation.
In addition, we commission independent assessments every year to examine our business, and later share their conclusions with advisers.
The first of these reports for 2021 has been written by established compliance consultancy, threesixty.
Their report focuses on the adequacy of the controls and procedures we have in place to mitigate the risks of managing several billions of customer money under our Discretionary Investment Management permissions. Several detailed aspects are worth highlighting.
First, professional investment management requires a combination of solid process and capable people. The PIM investment team is recruited with great care and comprises highly experienced and well qualified individuals, including 3 CFA holders and a qualified actuary. Second, the oversight and monitoring of PIM’s performance is independent of the team and is carried out by experienced individuals with investment management qualifications for both standard and ESG portfolios alike.
Your copy of the threesixty Assessment Report is attached. We strongly recommend including it in your standing research records. If you have any questions related to the findings of the report, we will be pleased to discuss these further with you.
“The above article is intended to be a topical commentary and should not be construed as financial advice from either the author or Parmenion Capital Partners LLP. If a client wishes to obtain financial advice as to whether an investment is suitable for their needs, they should consult an authorised Financial Adviser. Past performance is not an indicator of future returns.”
Any news and/or views expressed within this document are intended as general information only and should not be viewed as a form of personal recommendation. All investment carries risk and it is important you understand this. If you are in any doubt about whether an investment is suitable for you, please contact your financial adviser.