Parmenion's platform could see £650m setback after Caerus buyout

Intrinsic plans to acquire Caerus

Tom Ellis
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Parmenion's platform could see £650m setback after Caerus buyout

Parmenion's platform could lose more than one-fifth of its £3bn assets under management following the takeover of the Caerus network by Intrinsic, Professional Adviser understands.

The losses would be the result of a break-up of Parmenion's discretionary fund management (DFM) and custodian services agreement with Caerus Portfolio Management, the investment management arm of t...

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