Multi-manager  

Parmenion secures alliance with DFM

Parmenion secures alliance with DFM

Fintech firm Parmenion has secured the services of discretionary fund manager (DFM) Church House Investment Management in a bid to streamline its operations.

According to Sam Liddle, sales director at Church House, the DFM wanted to develop a low-cost service, but needed an “efficient and scalable operating model” to make it work.

Richard Goodall, head of distribution at Parmenion, said: “Outsourcing is an appealing option, and as our technology and administration were built from the ground up to support discretionary management, we are a great option for expanding DFMs.”

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katherine.denham@ft.com