Bosses at Aberdeen Asset Management and Parmenion are keeping silent on speculation about a possible takeover.
There have been reports this morning that Aberdeen is holding talks to discuss the acquisition of the platform, which is an IFP corporate member.

Neither side has released a statement about the rumours, with both keeping tight-lipped.

Financial Planner Online has contacted both companies to ask for a comment, with Parmenion saying it is “company policy not to comment on press speculation”. Aberdeen is yet to respond.

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Parmenion was founded in 2007 by private investors, including leading representatives of the fund management industry and now serves over 900 advisory firms, which look after more than 26,000 underlying clients. Assets under management were most recently reported to be in excess of £1.7bn and invested through Parmenion’s range of over 100 different discretionary investment solutions.

Aberdeen is an independent asset management company, which was formed out of a management buy-out in Aberdeen, Scotland, in 1983.

It has become a FTSE 100 company “operating on the ground” in over 25 countries across Europe, Asia and the Americas.

As of June 30, 2015, the firm reported it was managing assets of $480 billion on behalf of institutional and private investors.