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Parmenion broadens DFM capability

Parmenion, the multi award-winning adviser platform, today announces the expansion of its investment proposition with the addition of leading wealth management firms LGT and Tatton Investment Management to its DFM offer.  This enhancement will enable adviser access to additional DFM solutions for the first time in the platform’s 15-year history as well as its own award winning DFM MPS solutions. Six model portfolios from LGT and 16 from Tatton across a range of risk profiles, will be fully integrated into the platform’s next generation technology, providing options that fully support advisers’ advice to their clients and demonstrating further commitment to support their holistic Centralised Investment Propositions.

The LGT Wealth Management model portfolios offer financial advisers the ability to access a discretionary managed investment strategy that is appropriate to clients’ risk profile and their associated capacity for loss. The range comprises five risk-rated portfolios and an income solution.

  • LGT WM Adventurous
  • LGT WM Growth
  • LGT WM Balanced
  • LGT WM Cautious
  • LGT WM Defensive
  • LGT WM Strategic Income

Tatton Investment Management came to market in 2013 and operate a full stable of model portfolios in a range of investment styles including passive, hybrid, active, income as well an offering in the ethical space.  Available for the first time on the Parmenion platform, the models will offer  three different investment styles , fully managed, tracker, 50/50 managed tracker, as well as an ethical range.

Martin Jennings, CEO at Parmenion said: “We have made no secret of our strategy to be the platform of choice for advisers running centralised investment propositions.   The extension of our DFM capabilities to include DFMs alongside our own award winning DFM MPS service signifies a significant strategic enhancement and demonstrates the next stage in becoming the provider of choice for efficiently running a centralised investment proposition .  As advisers increasingly look to run their businesses more efficiently, we believe it is imperative that we respond to their changing requirements and expand our investment proposition further to help support their clients’ investment objectives”

Jennings continued: “Both LGT and Tatton have a superb reputation for excellence in our market and we are thrilled to be able to meet adviser demand, in offering these models on our platform.”

Tony Allan, Partner and Head of Business Development at LGT said: “When it comes to running model portfolios on platform, Parmenion has robust technology, bringing what was traditionally only available to the institutional market to advisers in the retail space.  We are excited to be one of the first DFM’s to join Parmenion’s platform expansion, allowing Financial Advisers more choice and giving them access to our award-winning Model Portfolio Service.”

Justine Randell, Sales Director at Tatton said; The Tatton team and I are thrilled to make our market leading model portfolios available via the progressive platform offering at Parmenion.  We are focussed on placing the adviser at the heart, driving down the cost of investing and allowing IFA’s to decide which platform, investment style and risk profiler to use to access our service.  Parmenion are aligned perfectly with Tatton’s core values and we look forward to bringing two IFA focussed services together to deliver improved client

This development comes hot on the heels of Parmenion’s launch of the Dimensional Core Wealth & Dimensional Core Plus Wealth Models under the Parmenion DFM license.  The suite of new third party models will be available on Parmenion’s award winning platform technology which aims to improve operational efficiency within adviser businesses, allowing advisers to spend more time focusing on financial planning

Notes to editors

There’s no guarantee the models or funds will meet their objectives. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they pay in.