Adviser charging, your way
We're thrilled to announce the next phase of our tiered adviser charging functionality - group charging.
Designed with your needs in mind, this upgrade helps you manage client groups and communicate your charges effectively, in line with your business needs and Consumer Duty.
What's client grouping?
Client grouping combines the total portfolio values of multiple clients, calculates tiered adviser charging based on that value, then applies it proportionally to each client in the group based on their individual asset amounts.
What's in it for you?
The new functionality means you can:
- Group clients effortlessly - any selection of two or more clients can be grouped for charging purposes.
- Seamlessly administer your firm's group charging arrangements for assets on our platform.
- View, download and report on charge groups with ease - through a dedicated client group section within the adviser charges area of the platform.
Getting started is simple
- Make sure tiered adviser charging is set up first. You can find a two-step guide in our frequently asked questions.
- Once set up, just send the client names and references you'd like grouped to clientservices@parmenion.co.uk.
We'll take care of the rest - your clients will be grouped together for adviser charging purposes within a couple of days.
We are continuing to listen to advisers and give them more options to work with a DFM and platform that strives to give them fantastic service, with ever-improving technology and user experience. Rather than forcing advisers to adapt their business to the way we work, we want to wrap around their business, giving them choices which help them to serve their clients in the most efficient way.
Mike Morrow
Chief Commercial Officer
Want to know more?
Read our handy frequently asked questions, or get in touch to book a demo and find out how this tool can elevate your client charging management.
