Parmenion

Parmenion, an investment platform built for financial advisers

Parmenion Capital Partners LLP operates an investment wrap platform aimed at financial advice firms rather than end investors. The company states that its technology was built in-house from the ground up, which it presents as a way to avoid dependence on external providers and the disruption of replatforming. The platform is designed to host an adviser firm's investment proposition, whether that runs through Parmenion's own discretionary fund management, the firm's own models or third-party DFMs.

The business reports £16.4bn in assets under management and administration, 76,242 end clients and 1,365 adviser firm partnerships. It traces its activity in this field to 2007, when it began providing investment capability and solutions to advice firms building their own propositions.

Investment management options

The in-house investment team maintains what the company describes as one of the largest selections of multi-asset portfolios in the UK, organised across Growth, ESG, Retirement and Income, and 'cash-like' investing. Beyond those ranges, Parmenion offers co-manufactured model portfolios managed in partnership with investment partners, and Advisory Models PRO for firms that prefer to run their own models.

ESG and retirement solutions

The actively managed ESG Growth Range has been running since 2012 and is presented as 5 Diamond Rated and award-winning; the company also marks the third anniversary of a Passive ESG Growth Solution. For retirement business, the toolkit includes a Defaqto 5 Star rated SIPP and a dedicated drawdown solution, the latter also carrying a Defaqto five-star rating.

Reporting and platform tools

Vantage is the platform's reporting dashboard, positioned as a means of improving efficiency, supporting governance and spotting risks and opportunities in an advisory business. The wider platform is described as feature-rich and aimed at both advisers and paraplanners, with reporting tools intended to cover changing client needs. The site also lists tax wrappers and integrations among the platform's components.

Ratings and industry recognition

Parmenion states it was ranked first for Platform User Satisfaction by both primary and secondary users in the Investment Trends 2026 report, and that it has placed first or second in the Investment Trends UK Adviser Technology & Business Report for four consecutive years, with average adviser feedback ratings of 4.7/5. The company reports holding more than 70 awards and ratings, including 11 Defaqto Diamonds and Stars and Professional Adviser's Platform of the Year (under £25bn AUA). Other distinctions listed include Gold Rated Pension Service and Gold Rated DFM Service from Defaqto, Best Wrap/Platform at the Moneyfacts Awards, Platform of the Year at the Schroders UK Platform Awards 2022, Best Online Service and Best Ethical DFM from Moneyfacts, a 5 Star DFM Service at the Financial Adviser Service Awards, and Good Business Charter accreditation.

Ownership and leadership

The firm is jointly owned by Preservation Capital Partners, a private equity investor specialising in financial services that holds a 70% majority stake, and AssetCo, which holds the remaining 30%. Martin Jennings has been Chief Executive Officer since 2016. The leadership team also includes Sarah Lyons as Chief Customer Officer, Mike Morrow as Chief Commercial Officer, Matt Puttick as Chief Financial Officer, Jules Gale as Chief Risk & Compliance Officer, Chris Falconer as Chief Architect and Chloë Jefferies as Head of HR.

Responsible investment and client-facing resources

Parmenion describes itself as a responsible investment business and publishes a Responsible Investing Policy covering its commitment to outcomes and to mitigating harm for the planet and society. The main site is addressed to financial advisers, and the company maintains a separate site for clients and investors. It also publishes regular market updates and insight articles, and notes that the value of investments and the income from them can fall as well as rise, so clients may get back less than originally invested.