Adviser network Caerus Group has extended its deal with Parmenion to make the discretionary manager its “investment partner of choice”.
The agreement means Parmenion will provide discretionary investment management, administration and custody services to Caerus’s investment management arm.
The range of funds to be provided by Parmenion - dubbed ‘Caerus Select’ - will include active, passive, income-paying and ethical portfolios.
Caerus chief executive Keith Carby said: “The new portfolios will be consistently managed over a range of 10 risk grades, so clients can be confident that their investment strategy matches their individual attitudes to investment and capacity for risk.”
In addition, Caerus investment director Ronan Kearney has left the group to pursue other projects.
Mr Carby said: “Ronan was one of the architects of Caerus and he has played a key role in our development to date. We have always known his involvement with Caerus was a step towards his longer-term ambitions in product manufacture and, eventually, in investment banking.”
Sales and marketing director Andy Ferns has been promoted to managing director.