Award-winning adviser platform Parmenion has seen growing interest in its Sterling solution as advisers seek higher yields for their clients with a low level of risk.
Managed by in-house investment team Parmenion Investment Management (PIM), the Sterling Solution was launched in 2019 to provide advisers with a low-risk financial planning tool with the potential for a strong yield.
With equity markets volatile and investors nervous, cash-like solutions can be a way to phase money into investments during times of market stress. A cash-like solution can also be used to meet other advice challenges, such as allowing retirement funds to remain within a tax wrapper while risk is reduced to meet clients’ needs. It can also be used in a ‘bucketing’ approach to investing where client pots are matched to spending requirements or different time horizons.
PIM Sterling Solution offers:
- A Current yield, before charges of 5.22% (as at September 2023)
- Lower DFM fee of 5bps and a reduced custody charge
- No minimum holding period or lock in
- Established solution with a four-year track record
- Expert management by Tim Willis, Investment Director
- Full due diligence on all funds included in the solution
- Underlying money market funds are AAA-rated by Fitch
- Ability to be held in an ISA, SIPP, GIA or offshore bond.
Heather Williams, Head of Investment Product at Parmenion, commented:
“For the first time in more than a decade, banks are paying reasonable rates of interest on uninvested cash. PIM Sterling offers a promising alternative. One that may appeal to those investors who are feeling cautious given the risks in the global economy, or those with cash on deposit looking for a better return”
“While investing offers inflation protection, low risk, high liquidity solutions also have a role to play in a wider financial plan, especially during retirement. The PIM Sterling Solution is another tool in the box to help advisers deliver better outcomes for their clients.”
