Discretionary manager Parmenion is launching a "wholly passive" investment strategy to sit alongside its active offering.
The Passive Investment Facility is built into the platform's online risk profiling and asset allocation process, with platform charges from 0.3%. It is available via all of its portfolio wrappers, including ISAs, six offshore bond products and over 20 SIPP providers. The portfolios will be structured around variable, percentage weightings in seven asset classes according to the client's risk profile: managed cash, fixed interest, property, UK value and income, UK equity growth, developed markets equity, emerging markets. The Parmenion online risk profiling process generates one to...
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