Aberdeen to buy DFM and platform Parmenion

Aberdeen said the purchase is part of it's strategy to grow its model portfolio business and become a leader in using financial technology. Parmenion, a member of the Fintech 50 2015, provides risk-graded portfolios to UK financial advisers via a digital platform. The Parmenion platform has £1.9bn in assets under management and delivers services to more than 900 adviser firms, it said. Parmenion will retain its own identity and remain located in Bristol, but will receive additional investment from Aberdeen to develop and expand its service, as well as benefit from Aberdeen's invest...