Parmenion has been selected as a provider of choice for consolidator Ascot Lloyd’s newly formed platform panel.
The adviser platform will be one of a select group of providers, chosen to sit alongside Ascot Lloyd’s own in-house solution.
The panel is designed to streamline services and enhance outcomes across the group’s investment proposition.
Parmenion CEO Martin Jennings said: “We are delighted to have been chosen by Ascot Lloyd to be on its primary platform panel. The business can be confident we will be a long-term strategic partner. Our proprietary technology means Ascot Lloyd can move at pace to create the service and experience that supports its ambitions.
“This endorsement comes from a position of knowledge and experience, having worked with us in the past.”
Ascot Lloyd CEO Francis Jackson said Parmenion stood out during the selection process for its “first-rate service and innovative investment solutions”.
He added: “We like the fact that Parmenion places the adviser at the centre of decision-making, offering portfolios that help them to better serve their clients. We are pleased to have added Parmenion to our platform panel and we look forward to continuing to work closely together.”
Parmenion, which launched in 2007, helps financial advisers to operate a centralised investment proposition.
It now partners with over 1,500 adviser firms to deliver their chosen investment proposition to over 90,000 underlying clients. The value of investments under its management now exceeds £9bn.
Last June, Parmenion expanded its discretionary fund management offering with the addition of investment model portfolios from PortfolioMetrix, Elston Portfolio Management and Quilter.
