On July 31, 2022, PCP signed a definitive agreement to become the major shareholder of Saltus, one of the highest quality and fastest growing wealth management firms in the United Kingdom. Saltus is a founder-led financial planning and investment management firm that has achieved strong growth in recent years, propelled by a client centric advice…
Today Parmenion announces, subject to regulatory approval, the acquisition of Midlands based EBI Portfolios Ltd (ebi) for an undisclosed sum. ebi manages evidence based, factor tilted, and ESG portfolios and currently administers £1.9bn on 19 platforms for over 150 advisory firms and nearly 7,000 underlying customers. Like Parmenion, their focus is on reducing cost and…
Founded in 2007, Parmenion is an award-winning provider of investment services and technology solutions for financial advice firms in the UK.Parmenion offers a differentiated and integrated solution including platform technology, custody and discretionary fund management services. Parmenion is a growth leader in its segment, led by one of the best management teams in the sector, exhibiting a strong client-centric corporate culture,…
BMS Group, (“BMS”), the independent specialist (re)insurance broker, today announced the completion of the significant equity investment by affiliates of Preservation Capital Partners (“PCP”) and British Columbia Investment Management Corporation (“BCI”) first announced in June. All required regulatory approvals have been secured. Management and staff of BMS maintain a significant shareholding in the company and…
BMS, one of the leading specialty lines focused insurance brokers globally, today announces an agreement for a significant investment by affiliates of Preservation Capital Partners (“PCP”) and British Columbia Investment Management Corporation (“BCI”). The investment, which values BMS at £500m, is subject to regulatory approvals and is expected to close in the third quarter. The…