Parmenion introduces tiered adviser charging on its platform

To support evolving business models in advice businesses

Isabel Baxter
clock • 1 min read

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...

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 Platforms

Schroders UK Platform Awards 2024: Adviser entries open!

Schroders UK Platform Awards 2024: Adviser entries open!

Awards to be held on 24 September at the London Hilton Park Lane

Professional Adviser
clock 14 June 2024 • 2 min read
Why advice firms should outsource their platform due diligence

Why advice firms should outsource their platform due diligence

‘It's really time consuming to do it on an individual firm basis’

Isabel Baxter
clock 07 June 2024 • 5 min read
Are you feeling more or less positive about your platform? You told us…

Are you feeling more or less positive about your platform? You told us…

‘Some platforms have improved whilst others having more problems’

Isabel Baxter
clock 29 May 2024 • 2 min read