Parmenion has expanded the discretionary fund management offering on its adviser platform and added the investment model portfolios from PortfolioMetrix, Elston Portfolio Management and Quilter.

The firm now has more than 35 third party MPS providers available via its investment platform and Parmenion revealed it will be adding additional DFMs subject to adviser demand.

PortfolioMetrix is a global investment manager which aims to deliver precision-engineered model portfolios to advisers, with its models aligned to their preferred risk profiler.

Elston Portfolio Management provides both its own and adviser-defined custom portfolios using research, analytics and insights from Elston Consulting, which provides consultancy services to adviser firms and DFMs.

Parmenion has also selected Quilter, and the wealth manager’s WealthSelect managed portfolio service launched to the UK market in 2014 and provides access to actively managed, risk-targeted multi-asset portfolios. Quilter’s offering is one of the largest managed portfolio services available in the market with £15.2bn under management.

Parmenion chief commercial officer, Mike Morrow, commented: “We have added several top-quality investment products to our platform over the last 12 months, and we think this move to make these highly sort after portfolios available via Parmenion will be welcomed by our adviser clients.

“We have been impressed with these firms’ approach to risk management and their use of technology to deliver well-calibrated model portfolios.”

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