Parmenion adds RBC Brewin Dolphin and Morningstar portfolios to adviser platform

A photograph of the exterior of the Aurora building
For financial professionals only

Parmenion, the UK Platform of the Year, today announces that it is further expanding its investment proposition with the addition of portfolios from RBC Brewin Dolphin and Morningstar.

This enhancement will broaden access to additional DFM (discretionary fund management)  solutions for advisers and their clients, while they will still be able to access Parmenion’s own award-winning DFM model portfolio solutions.

19 model portfolios from RBC Brewin Dolphin and 12 from Morningstar will be fully integrated with Parmenion’s market-leading technology and will span a range of risk grades, so advisers can find a high-quality portfolio matched to each client’s appetite for risk.

These are:

  • RBC Brewin Dolphin MPS and Passive Plus MPS ranges
  • Morningstar Active, Income and Passive ranges

RBC Brewin Dolphin is one of the UK’s largest wealth management firms with 33 offices across the UK, Jersey and Ireland and £51.7bn in AUM (as at 30th June 2022). It provides bespoke, discretionary investment management and financial planning services to individuals, companies, intermediaries and charities. Brewin Dolphin was acquired by Royal Bank of Canada (RBC) in September 2022.

Morningstar Investment Management Europe is a leading provider of investment Management services, professionally managed portfolios and funds, with approximately $265bn in AUM. Our client's range in size from individual investors all the way up to the world’s top asset management firms. We serve 255,000 advisers around the world.

Parmenion CEO Martin Jennings commented:

“We are delighted to be able to bring further model portfolios from prestigious and respected DFMs to our platform today. RBC Brewin Dolphin and Morningstar have long track records managing money in all market conditions and will be an asset to our offering to advisers. Today’s change will support our ambition to be the platform of choice for any adviser running a centralised investment proposition.”

RBC Brewin Dolphin’s Antony Champion, Head of Intermediaries UK and International, said:

“We are excited to be able to bring our model portfolios to Parmenion’s clients today. Our focus on strong investment performance has enabled us to attract more than £6bn of assets under management from 1,000 advice firms into our Managed Portfolio Service. We look forward to building the strength of our service through this partnership with Parmenion.”

Morningstar’s Martin Coyle, Head of UK Investment Distribution, added:

“Our Managed Portfolios give investors access to our unparalleled breadth and depth of research; giving them peace of mind they’re invested in the best investment opportunities at any given time.   We're dedicated to making sure clients get the most out of our portfolios by providing a client friendly content program and behavioural science research, tools and insights to support your investment propositions.

Parmenion’s ambitious growth strategy has seen it broaden its offering to advisers in 2022, launching market-leading propositions and reinforcing its reputation for outstanding service. The platform has added model portfolios from Brooks Macdonald, Schroders, LGT and Tatton Investment Management to its adviser proposition this year.

About RBC Brewin Dolphin

RBC Brewin Dolphin is one of the UK and Ireland’s leading wealth managers and traces its origins back to 1762. With £51.7* billion in assets under management, we offer award-winning, personalised wealth management services from bespoke, discretionary investment management to retirement planning and tax-efficient investing.

Our qualified investment managers and financial planners are based in 33 offices across the UK, Jersey and Republic of Ireland. They are committed to the most exacting standards of client service, with long-term thinking and absolute focus on our clients' needs at the core.

As part of Royal Bank of Canada (RBC), we are now able to draw on the strength of a global financial institution to continue to improve the service we provide to our clients and drive further innovation across our business.

*as at 30th June 2022.

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.  

Speak to us and find out how we can help your business thrive.