The percentage of financial advisers putting all their business on platforms is up 45% to 16% in the last year but many advisers are unhappy with service levels, according to a report from data provider Defaqto.

Parmenion has partnered with Russell Investments to enable advisers to invest in a suite of 10 discretionary managed and risk-rated Russell Investments model portfolios through the Parmenion platform.

Parmenion, the DFM and platform technology provider, has cut its initial fee and initial dealing charges to zero for all new business and top ups, it announced today.

Platform provider Parmenion has bolstered its growing sales department in the North East, with the appointment of a new sales manager.