Preservation picks up Parmenion for £102M
March 11, 2021- Share:
Preservation Capital has bought investment manager Parmenion Capital Partners from Standard Life Aberdeen for £102 million. SLA said the sale would help it simplify its adviser strategy and focus on its core digital platforms, Wrap and Elevate. Founded in 2007, Parmenion manages more than £8 billion of assets on behalf of over 2,500 advisers and more than 68,000 underlying clients.
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