Parmenion provides investment solutions to advisers, combining our award winning online platform-based administration with discretionary fund management capabilities.

We enable advisers to deliver a sophisticated client investment service while building efficient, scalable and profitable businesses.
We're delighted to be working with the IFP as a Corporate Member as well as supporting the Paraplanner Awards again this year. We're also proud to announce the launch of our Pension Investment Account.
While over 30 third party Sipp wrappers are available on the platform, there was significant demand from advisers for an in- house option.
With the phenomenal growth in Parmenion's AUM over the last 18 months, it is the right time to develop this service.
We have developed the Sipp functionality entirely in-house. Outsourcing all or part of the processes, such as the software and the administration was looked at.
While lead times would have decreased, the seamless integration of the Pension Investment Account
with existing systems was the number one priority. Diane Jones, Sipp manager had this to say:
"We need to control the whole process to ensure usability and an integrated journey for all portfolios on our platform, across all tax wrappers.
"It's the only way to continue to provide the award winning service that our supporters value. We've got the necessary in-house expertise and it means that the Sipp has just become just an extension of what we do and do well. The whole system is process driven, rather than admin driven and therein lies it's strength."
All system functions were successfully tested in May with a small number of supporting advisers and the feedback has been excellent.
Advisers have been pleasantly
surprised by how fast they can complete the online application process. Aaron Richardson, head of e-Business at the Premier Partnership, participated in the user testing and said: "It is extremely easy and efficient as per the rest of the Parmenion software.
"We found the whole process very quick; normally to set up a Sipp it takes a lot longer. I just wish we found you guys a long time ago."
We have already received over 100 pension applications for processing. The 'at-retirement' suite of products is currently in development.
For further information visit www.parmenion.co.uk or contact Nicola Robinson, Corporate Communications Manager on 0117 204 760