Parmenion, which offers technology services to IFAs, and ValidPath, the financial services network, have partnered to create a bespoke investment system for the needs of the latter’s members who are said to be mostly accountancy linked.

The network members will have tailored online functionality to support their passive investment processes and a series of risk-based portfolios will be maintained and rebalanced under Parmenion’s discretionary management authority, the firm said in a statement.

ValidPath said it had researched the wrap and platform market for several months to fulfil what it called “pretty stringent criteria”.

Parmenion views the partnership as a way of showing its commitment to building innovative, bespoke properly researched and constructed investment solutions capable of supporting clients and their businesses over the long term.