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SLA offloads Parmenion to European private equity firm in £102m deal Sale is to simplify SLA’s adviser strategy around its Wrap and Elevate platforms Standard Life Aberdeen has agreed to sell its adviser platform Parmenion to private equity business Preservation Capital Partners in a deal worth up to £102m. This comes hours after Portfolio Adviser sister title International Adviser reported that the business was still up for sale. SLA said the reason for the sale is “the simplification of its adviser strategy around the business’ core propositions – Wrap and Elevate”. Founded in 2007, Parmenion is an investment and technology solutions business that supports financial advice firms in the creation and operation of a centralised investment proposition. It manages more than £8bn of assets on behalf of over 2,500 advisers and more than 68,000 underlying clients.

United kingdomMartin jenningsAndrea secciInternational adviserStandard life aberdeenPreservation capital partnersPortfolio adviserCapital partnersPreservation capitalஒன்றுபட்டது கிஂக்டம்மார்டின் ஜென்னிங்ஸ்தரநிலை வாழ்க்கை குட்டைநாய் வகைப்ரிஸர்வேஶந் மூலதனம் கூட்டாளர்கள்மூலதனம் கூட்டாளர்கள்ப்ரிஸர்வேஶந் மூலதனம்