Adviser platform Parmenion has been bought by private equity firm Preservation Capital Partners for £102m after being put up for sale by Standard Life Aberdeen (SLA).
It was revealed in November by SLA CEO Stephen Bird that he intended to auction off the platform business, which administrates £8bn for 2,500 advisers and 68,000 clients, and keep its other, larger adviser...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
