Parmenion has bolstered its senior investment team with a new hire as the platform provider looks to meet growing demand and net inflows.
Tom Sayers has taken up the newly created role of head of investment solutions, joining from Whitechurch Securities where he was head of investment.
Mr Sayers will report to the managing director of Parmenion’s investment team, Peter Dalgliesh, and will co-ordinate £6bn in portfolio assets across the provider's range of model portfolio services.
Parmenion now services more than 5000 advisers in 1400 firms, with a reach of more than 65,000 clients.
Mr Sayers said he was excited to be joining a technology-led business which "focuses on meeting the needs of financial advisers".
He said: "Our goal is to make the complexities of investing simpler for people to understand, whether they take a tactical or ethical approach, have a bias for income or growth, and whether they favour passive or active funds.
"Parmenion can achieve this because we manage the most complete range of portfolios in the market."
Managing director Peter Dalgliesh added: "Tom is a long term supporter of financial advisers and will bring valuable, fundamental experience into our growing team.
"Our challenge is to maintain very high standards and to build awareness of the added value delivered by active portfolio management, especially through a more uncertain phase for markets."
The hire closely follows that of Mark Steers who was appointed as chief distribution officer last month, also in a newly created role.
Mr Steers, formerly of NFU Mutual, joined the provider as assets managed on its platform exceeded £6bn on the back of rising market inflows.
rachel.mortimer@ft.com
What do you think about the issues raised by this story? Email us on fa.letters@ft.com to let us know.
