AssetCo adviser among new hires for Parmenion

Deal with AssetCo to buy 30% of equity in the business was finalised on October 6

clock • 1 min read

Parmenion has hired a senior investment manager and two people for its board of directors, following the completion of AssetCo’s acquisition of a 30% stake in the business.

Richard Houghton has joined the firm as chairman having spent most of his career working with private equity-backed businesses. He is currently chairman of Peoplesafe and Vistair, as well as previously serving as chairman of British Engineering Services, Target group and on the board of Verastar. "Wealth management is an exciting and rapidly growing industry. Parmenion, with its compelling investment proposition, leading technology, and best-in-class customer service credentials is well placed to take advantage of industry trends," Houghton said. Parmenion has also named Standard L...

To continue reading this article...

Join Professional Adviser for free

  • 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
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Platform innovation: Terry Huddart on 7IM's Online Reporting

Platform innovation: Terry Huddart on 7IM's Online Reporting

'It's a fundamental upgrade to the client area of the platform'

Terry Huddart
clock 24 October 2025 • 6 min read
AJ Bell reports record platform AUM of £103bn

AJ Bell reports record platform AUM of £103bn

AUM and customer numbers both up 19% in the year

Jenna Brown
clock 23 October 2025 • 3 min read
Private markets for the mass affluent: How wealth platforms can scale access

Private markets for the mass affluent: How wealth platforms can scale access

‘The opportunity is clear’

Borja Largo
clock 15 October 2025 • 5 min read