Bristol-headquartered Parmenion has added portfolios from Iboss Asset Management to its platform.
In total, 32 model portfolios from Iboss will be added, spanning a range of risk grades. These portfolios are split across Iboss’ Core, Passive, Income and Sustainable MPS ranges.
Parmenion said the additions will broaden access to discretionary fund management services for its advisers and their clients, while still providing access to Parmenion’s own offerings.
Founded in 2008, Iboss is a boutique asset manager that is only available to financial advisers. It has total assets under management of around £1.5bn ($1.84bn, €1.71bn). In 2021, Kingswood bought Iboss Asset Management to bolster its investment management arm
Parmenion’s growth strategy has seen it broaden its offering to advisers recently. The platform has added model portfolios from Brooks Macdonald, Schroders, LGT, Morningstar, Brewins, ebi and Tatton Investment Management to its adviser proposition in the past year.
Martin Jennings, chief executive of Parmenion, said: “We are very pleased to welcome Iboss Asset Management portfolio to the Parmenion platform. We have been working hard to expand our offering in recent months, adding numerous top-quality wealth firms’ DFM solutions to our stable for advisers to choose from. This latest addition of 32 high-calibre investment portfolios from Iboss will help us on our mission to become advisers’ first choice platform in a competitive space.”
Rebecca Anscombe, head of operations and systems at Iboss, added: “We are delighted to be able to offer our diversified approach to discretionary fund management via the Parmenion adviser platform, allowing more customers to access our industry-leading service. Our managed portfolio service is run by long-standing employees who have an abundance of experience and expertise, bringing together the award-winning Iboss proposition for advisers and their clients.”
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