Parmenion and Arjent launch discretionary solution

Parmenion has linked up with investment management firm Arjent to offer advisers a platform-driven discretionary management solution.

The Arjent Managed Portfolio Solution, available through Parmenion's discretionary investment portal, offers advisers a range of ten risk-graded strategic models built on six core asset classes and a selection of active collective funds.

Investment selections are made with the aim of outperforming the risk and return characteristics of the respective asset class benchmarks.

"With the implementation of the Retail Distribution Review (RDR) now less than a year away, we are seeing a growing interest from advisers in discretionary wealth management in order to deliver tailored solutions to their clients," said Parmenion managing partner Richard Mein (pictured).

Arjent head of investment management James Hutson said the firm's portfolios encompass six core asset classes and 14 underlying asset classes, catering for a broad spectrum of client risk appetite.

"It is this combination of asset diversification coupled with thorough investment analysis that aims to allow these portfolios to outperform their benchmarks from both a risk and return perspective," he said.