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Parmenion has added DFM portfolios from wealth manager RBC Brewin Dolphin and investment manager Morningstar to its adviser platform.

Adviser platform and SIPP provider Parmenion is to acquire Chartered Planner-run investment firm EBI Portfolios for an undisclosed sum.

Investment platform and SIPP provider Parmenion is to introduce new charges to help cover the cost of work involved in selected products.

Investment firm and platform provider Parmenion has joined the growing list of investment managers who have removed VAT from their Managed Portfolio Services (MPS).

The Financial Ombudsman Scheme is planning to cut 150 jobs, including management positions, due mainly to a rapid decline in PPI work follow the ending of PPI claims to the Ombudsman.

Platform provider Parmenion has bolstered its growing sales department in the North East, with the appointment of a new sales manager.
Parmenion has reported that its profits have risen by 45% to nearly £1.7m in the last year following the development of its in-house Sipp.
Parmenion has reported that it has processed nearly 3,000 applications for its in-house Sipp in its first year.
The company said this represented over £200m of assets.
Parmenion has added drawdown features to its in-house Sipp from today (7 April), to enable advisers to take advantage of the new Pensions Freedoms for their clients.
Parmenion has been recognised in the FinTech50 list for 2015 as "one of the hottest" financial technology businesses in Europe.
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