Parmenion expands investment proposition with addition of Brooks Macdonald

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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 discretionary fund manager Brooks Macdonald.

Five Brooks Macdonald core model portfolio ranges will now be available via the Parmenion platform and fully integrated to its market leading technology. This will ensure financial advisers have wider choice across a range of risk profiles to support the implementation of their centralised investment propositions

The Brooks Macdonald model portfolios are:

  • Brooks Macdonald MPS Income (three portfolios, low to medium risk)
  • Brooks Macdonald MPS Growth (two portfolios, medium to high risk)
  • Brooks Macdonald MPS Income & Growth (four portfolios, low to medium risk)
  • Brooks Macdonald MPS Passive (three portfolios, low to high risk)
  • Brooks Macdonald MPS Responsible (five portfolios, low to high risk)

Brooks Macdonald Group plc provides high-quality investment management services in the UK and internationally. Founded in 1991, it has discretionary funds under management of £15.7 billion as at 30 June 2022.

Brooks Macdonald offers a range of investment management services to private high net worth individuals, pension funds, charities and trusts. It also provides financial planning as well as international investment management, and acts as fund manager to a range of onshore and international funds.

In May, Parmenion added leading wealth managers LGT and Tatton Investment Management to its investment offering.

Parmenion CEO Martin Jennings commented:

“Brooks Macdonald’s highly respected model portfolios are an exciting addition to our platform. This will be the fourth DFM we have added on customer demand, boosting the breadth of our investment offering. We know our customers are facing increasing service and technology challenges, and by broadening our investment range alongside our own market leading portfolios we can support them in delivering their CIP and help them run an efficient and effective business.”

Brooks Macdonald Director, Head of UK Distribution, Gary Stirrup added:

“We are delighted to be running on a platform so highly rated for services and built expressly for DFMs. Parmenion’s technology will place our innovative Managed Portfolio Service easily at advisers’ fingertips. With the investment piece taken care of, advisers will be able to spend more time doing what they do best, focusing on their client’s holistic wealth planning”.

Parmenion scooped the coveted Platform of the Year Award at the 2022 Schroders UK Platform Awards in September. Recently the group also announced its acquisition of discretionary fund manager EBI (subject to regulatory approval), as part of its drive to become the platform of choice for advisers running centralised investment propositions.

Parmenion’s ambitious growth strategy has seen it broaden its offering to advisers this year, launching market-leading propositions and reinforcing its reputation for outstanding service.

Parmenion’s growth push is also being reflected in exceptionally strong financial results. In 2021, revenue climbed 20% following strong sales growth, AUM rose 17% to £9.6bn, and the company moved into strong profit against a challenging economic backdrop.

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