Parmenion has bolstered its discretionary management service with the addition of passive fund options in a drive to offer IFAs a low-cost alternative to actively managed funds.
The passive options will sit alongside the active investment management mandates in Parmenion's equity growth and fixed income sectors. Passive options are not being made available for the equity specialist sector, due to the volatile nature of these funds, or the property sector where there is not currently a sufficient passive option. Simon Brett, head of investments at Parmenion, explained: "All modern portfolios are invested across a range of different asset classes. Some of these are better suited to active investment than others. For example, specialist and alternative investment...
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