Create portfolios and cashpots faster
We're making it quicker and easier to manage client portfolios with our new portfolio and cashpot tool - live from Monday 28th September.
Available through the platform, our new tool streamlines a number of common administration tasks, helping you create portfolios and cashpots without having to follow longer application journeys.
What's changing?
The tool allows you to:
Create a new portfolio within an existing client wrapper
Set up a new General Investment Account (GIA)
Add a cashpot to an eligible wrapper where one doesn't already exist
This means fewer steps for advisers and a more efficient way to support clients as their needs evolve.
Why use the new tool?
The tool is designed to simplify common portfolio management tasks, helping you act quickly when client needs change.
It can also help when setting up retirement income. If a client has a PIA but no FIA portfolio, you can now create an FIA portfolio with a different solution and/or risk grade before requesting a PCLS withdrawal.
Helping clients hold cash when they need to
A cashpot allows clients to hold money outside of investments as part of their wider financial plan. This can be useful for short-term spending needs, planned withdrawals, or emergency funds. We pay interest on cash balances and don't apply charges.
Replacing existing journeys
In many scenarios, the new portfolio and cashpots tool can be used instead of Portfolio Builder or a split form, helping reduce administration and save time. Existing processes will still be needed for certain activities, such as opening new ISAs or SIPPs and some in-specie transfers.
When?
The new portfolio and cashpots tool will be available to advisers and paraplanners from Monday 28th September 2026.
How do you use it?
Go to tools > Add portfolio/cash pot.
Here you’ll see all the wrappers available to add a new portfolio and/or cash pot to. Click on any to expand and begin. We’ll use SIPP as the example.
Clicking on Self Invested Personal Pension shows all the portfolios that sit inside this client’s pension. Click on “+” under Number of new portfolios to add some new portfolios.
This will add some blank portfolios for you to populate. Choose your Name, Investment Solution and Annual Adviser Charge.
If you want to add a Cashpot click the Add cashpot? toggle.
There’ll be some information for you to read and confirm before you proceed.
Add in your Adviser annual charge.
Once you’ve added your portfolios and/or cash pots, Click Save and continue. If you have any risk grades to select for your investment solutions, you’ll be asked to add them next.
Once you’ve selected any risk grades, click Save and continue and you’ll see a summary of your portfolios. Enter your password to confirm, then Save and continue.
And that’s it. You’ll now be given some quick links to our other tools so that you can add money to the portfolios. Or you can leave and do this later.
This article is for financial professionals only. Any information contained within is of a general nature and should not be construed as a form of personal recommendation or financial advice. Nor is the information to be considered an offer or solicitation to deal in any financial instrument or to engage in any investment service or activity. Parmenion accepts no duty of care or liability for loss arising from any person acting, or refraining from acting, as a result of any information contained within this article. All investment carries risk. The value of investments, and the income from them, can go down as well as up and investors may get back less than they put in. Past performance is not a reliable indicator of future returns.
