10% loss reporting – an adviser update
For financial professionals only
As you know, the current volatility in the market means that many 10% loss notifications have been issued over the past few weeks. Almost all portfolios have been affected, regardless of risk grade.
Despite a relaxation of the FCA’s rules on loss notifications, here at Parmenion we will continue to issue these notifications to advisers. This decision reflects our commitment to being open and transparent about the investment solutions we provide – we know how important it is to keep you and your clients informed.
If you have not received any notifications and believe you should have done, please check the Documents areas under the Adviser Requested Documents section. You’ll find a CSV file detailing all affected portfolios by client name and wrapper reference. The file gives further details to help you with any onward reporting.
If you have any questions, please contact our client services team by emailing clientservices@parmenion.co.uk, using live chat on our website or by phoning 0117 204 7678.
“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.
