Parmenion Blended Growth
Combining the best of active and passive investment approaches
- The content of this page is only suitable regulated financial advisers.
- Past performance isn't an indicator of future returns and investors could get back less than they put in.
- This content of this page is intended as general information and shouldn't be viewed as a personal recommendation.
- There's also no guarantee that investment solution or funds will meet their objectives.
Balancing investment styles
We launched Blended Growth in 2015 when we saw that many advisers were missing out on benefits of balancing active and passive styles of investing. Rather than make a decision one way or the other, they often defaulted to 50:50 in each. We built our solution to take that time-consuming decision out of the adviser’s hands - and into those of our dedicated investment management team
A cost-efficient approach to growth
01A cost-efficient approach to growth
A globally diversified, multi-asset portfolio made up of a blend of active and passive funds. Providing a cost-efficient approach to outperforming the broader markets.
Our highly experienced team rigorously review the blend of active and passive funds on an ongoing basis, to make sure they continue to be the best choice for the portfolios.
We monitor conditions with a framework comprising three measures: market breadth, return dispersion and market environment, to guide our decision making.
Why switch between active and passive?
02Why switch between active and passive?
Blended Growth gives you a balanced investment option which uses both ‘active’ and ‘passive’ styles of investing. Our expert investment managers combine the two styles to make the most of potential market opportunities while keeping costs down.
Using a combination of active and passive investing offers some distinct advantages. On the one hand, your clients aren't paying for active management all the time, only when it’s needed. And, depending on market conditions, leaning more towards passive investing could sometimes be the best choice for growth. So, in effect, your investment is looking for the highest returns while keeping costs low.
Long term asset allocation
03Long term asset allocation
Exposure to different asset classes and global regions takes a long-term view to expected returns through a strategic asset allocation.
The overall asset allocation is then updated annually to reflect the long-term view of markets. This combines 20-year historical data with evidence-based capital market assumptions on the state of future asset class and portfolio risks.
Available in 10 risk grades
04Available in 10 risk grades
Choose from 10 risk-graded portfolios to match your client's investment objectives, appetite for risk and time horizon.
Each risk grade is meticulously mapped to our Risk Framework. This gives you the expected volatility and historic maximum loss for each risk grade over the past 20 years.
This allows you to show what a realistic experience could be like for your client and gives you confidence in the suitability of your recommendation.
Costs and charges
Our Blended Growth charges are simple and transparent. For our custody fee, when the total value of your client’s assets falls into a given band, they pay that charge for all their money, not just the proportion in that band.
| Type | Charge |
|---|---|
| DFM charge | 0.24% |
| Dealing charge (for fund switches and rebalance purchases) | 0.45% (≈0.05% p.a.)* |
| Parmenion SIPP charge | £18+VAT per quarter |
*Assumes a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount
| Custody band† | Charge |
|---|---|
| £0 - £299,999.99 | 0.30% |
| £300,000.00 - £599,999.99 | 0.25% |
| £600,000.00 - £1,499,999.99 | 0.20% |
| £1,500,000.00 + | 0.15% |
†A minimum monthly custody charge of £5 per client applies. Cliff edge structure.
Here’s what your client might pay
For a £100,000 non-SIPP portfolio in Risk Grade 5, and an OCF as of the 31st March 2025.
| Custody | DFM Charge | Dealing* | OCF | Total |
|---|---|---|---|---|
| 0.30% | 0.24% | 0.05% | 0.32% | 0.91% |
*Assuming a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount
Market dynamics, the broader economic picture and cost are key factors influencing the active/passive split. With Blended Growth, we’ll steer the most effective course to achieving attractive client returns.
Jasper Thornton-Boelman
Investment Director
Solution resources
