Platform and DFM provider Parmenion said group assets under management and administration jumped 25% to £16.4bn in 2025 as gross flows reached record highs of £3.3bn.
The Bristol-based group launched in 2007, comprises Parmenion Capital Partners LLP, ebi portfolios Ltd, and Bigrock.
It reported a rise in costs which it said was down to a £3.5m investment in products and services to meet adviser and client needs, alongside increased NI and salary costs.
Profits for the year, or EBITDA, the group’s measure of operational performance, were £19.2m.
It said ebi portfolios also saw a 25% increase in AUM during the year to £5bn.
Martin Jennings, Parmenion CEO said: “Our focus remains simple: listen to advisers and try to solve the issues that frustrate them the most in their day-to-day work.”
He said during 2025, the business continued to innovate and invest in growth. Parmenion Investment Management launched a simplified Outcomes Solution product range to better align with changing customer needs.
The group increased staff numbers in 2025, which it said had an impact on profits from higher staffing and inflationary pressures across the board.
Mr Jennings said: “We believe people are our greatest asset. Investing in talent will support our growth ambitions for 2026 and beyond.”
Parmenion manages more than £16bn in investments and works with more than 1,500 adviser firms who serve more than 70,000 underlying clients.
It is jointly owned by Preservation Capital Partners and AssetCo. Preservation Capital Partners is a private equity firm which specialise in financial services, it owns 70% of the business. AssetCo focuses on making strategic acquisitions and building organic activities in areas of the asset and wealth management sector where structural shifts have the potential to deliver exceptional growth opportunities. It ownsa 30% of the business.