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Caerus ties with Skandia, Aegon and Parmenion for platform panel

by Jun Merrett on Jan 24, 2013 at 10:32

Caerus ties with Skandia, Aegon and Parmenion for platform panel

Restricted advice network Caerus Capital Group has struck deals with Skandia, Aegon, and Parmenion for the three providers’ platforms to make up its newly created panel.

The platform panel will be mandatory for all Caerus advisers.

In October 2012 it was reported that Caerus was in talks with Skandia over the provider buying a stake in the advice firm.

Paul Feeney, chief executive of Skandia parent Old Mutual Wealth, has since said that it would look to buy stakes of between 5% and 10% in restricted advice firms and would not mandate it’s soon to be launched Select fund range for those firms.

In the same month Caerus also announced was acquiring network Paradigm Financial Advisers, of which Caerus itself was an appointed representative.

New Model Adviser® understands Caerus is also working on a preferred platform panel for the Paradigm advisers who will remain independent.

Keith Carby (pictured), chief executive of Caerus, said the panel was a result of two years of research:

‘This is not something that was done on a whim,’ he said.

'We worked through all the available platforms and think those platforms are individually very strong and collectively represent a really powerful proposition that looks after the clients that Caerus advisers are looking after.’

2 comments so far. Why not have your say?

Paul Barnard

Jan 24, 2013 at 14:16

I would describe my business as "strong" if I was profit making. Are all of those "powerful propositions" in profit?

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yeah right

Jan 25, 2013 at 09:36

So what about all those existing Paradigm ARs who want to remain INDEPENDENT but already use "other" Platforms ? will they have a choice once the Caerus deal has FSA appoval & is completed .....?

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