FTAdviser.com

Advertising

The new business will aim to promote Parmenion's role in discretionary fund management and provide bespoke research for IFAs who want their own model portfolios or who already undertake the investment management of IFA own-branded Oeics based on a minimum of £10m in funds.

The new service includes a micro-site for IFAs, giving intermediaries registered with Parmenion access to the company’s database of fund research, conference notes, opinion pieces and articles published by PFR, as well as monthly factsheets covering performance, portfolio constituents, fund research and risk grades.

The company is also looking to expand its tactical asset allocation profiles on the platform to include active, balanced and cautious managed profiles. An absolute return asset class is also being planned that will incorporate investments in managed cash, lifetime settlement and fund of hedge funds, Parmenion said.

Finally, Parmenion is also launching an ethical portfolio service due to ongoing demand from advisers. Replicating actively managed, tactical asset-allocation portfolios, the group will launch active, balanced and cautious profiles for ethical investors that will include investments in fixed interest, UK and international equities and alternatives.

Simon Brett, head of fund research at Parmenion, said: "We hope our decision to launch the PFR brand will help enhance our reputation for fund-based knowledge, as well as provide our member IFAs with a useful source of information on the latest developments at Parmenion and, through detailed analysis, extend the range of services and products we offer them."