Parmenion plans to introduce tiered adviser charging on its platform to support evolving IFA business models.
From late summer this year, advisers will be able to create different charging structures on the platform, determine the number of tiers and the percentage charge for each tier, link new and existing clients to the correct tiered charging structure, and move clients between charging structures. Its latest Investment Trends research reported that 40% of advisers have or are planning to change their charges. The platform said this development would allow its users to tailor charges to different client segments "quickly and easily". In the light of Consumer Duty, it provides valuable sup...
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