Parallel Wealth Management

What Parallel Wealth Management does

Parallel Wealth Management is a UK-based, face-to-face financial advisory firm founded in 2014, operating as an Appointed Representative of St. James's Place Wealth Management. It is headquartered in Ipswich, Suffolk with an additional office in London, and describes its team as "20+" professionals with 150+ years of combined advisory experience. The firm delivers wealth management across retirement, investment, legacy, and succession planning, with specialist coverage for business owners, senior executives, City professionals, sports professionals, and private clients.

The service model is advisory-led and relationship-driven rather than technology-led: client engagement is conducted face-to-face, often in person across the UK. There is no proprietary technology platform disclosed; operational and product infrastructure is supplied by the St. James's Place partnership, with supplementary ecosystem partnerships covering cash platforms (Flagstone), banking (Metro Bank), private medical cover (WPA), and trust/estate services (Genus Trust, Kings Court Trust).

Revenue is generated through a tiered initial advice charge (3% on the first £250k, 2% on the next £250k, 1% above £500k), an ongoing 0.80% annual advice fee, and underlying fund and product charges routed via the St. James's Place platform. Leadership comprises Dominic Pape (CEO and founder), Cavan Halley (Managing Director, joined from HSBC), Erin Pape (COO), Henry Anderson (joined 2023 from Deloitte and the British Army), and Charlie Navesey (joined 2024 from Marsh & McLennan). The firm has won the Personal Finance Awards "Best Financial Adviser" category for ten consecutive years and was awarded the Defence Employer Recognition Scheme Bronze Award in 2025.

Name

Parallel Wealth Management

Legal name

Parallel Wealth Management Group Limited

Website

https://parallelwealthmanagement.co.uk

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Parallel Wealth Management is a UK-based, face-to-face financial advisory firm operating as an Appointed Representative of St. James's Place, serving HNW individuals across business, executive, City, sports, and private client segments with retirement, investment, and succession planning.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Pension Funds (525110), Trusts, Estates, and Agency Accounts (52592)

SIC

Investment Advice (6282)

akta.pro primary industry

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

akta.pro secondary industries

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD), Affluent / Mass-Affluent Private Banking (FSABADAC)

Keywords

• Financial advisory services
• Retirement planning advice
• Investment planning services
• Wealth management advice
• Inheritance tax planning

Headquarters

HQ city

Ipswich

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Initial advice charges: Clients pay an initial advice charge based on the amount invested: 3% on the first £250,000, 2% on the next £250,000, and 1% on amounts over £500,000. No initial product or fund charges apply.
2. Ongoing advice charges: An annual ongoing advice charge of 0.80% based on the total value in the client's account(s), with tiered reductions for larger portfolios. Also includes product charges (tiered based on investment amount across SJP products) and fund charges ranging from 0.09% to 0.69%.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Parallel Wealth Management is a UK financial advisory firm that provides face-to-face, relationship-driven wealth management advice as an Appointed Representative of St. James's Place Wealth Management plc. The firm delivers personalised advice across investment planning, retirement planning, protection planning, corporate services, mortgages and specialist banking, and intergenerational wealth management for individuals, families, and business owners across the UK. Revenue is generated through tiered initial advice charges and recurring annual ongoing advice charges.

Product overview

Parallel Wealth Management (PWM) is a financial advisory firm that operates as an Appointed Representative of St. James's Place Wealth Management plc. The firm offers a comprehensive suite of wealth management services organized around five core pillars: Investment Planning (including ISAs, Unit Trusts, Investment Bonds, and offshore investments), Retirement Planning (covering SIPPs, drawdown, and annuity advice), Protection Planning (life cover, critical illness, income protection, and family healthcare), Corporate Services (employee benefits, pensions, tax mitigation, and exit strategies), and Mortgages and Specialist Banking. PWM also provides specialized advice for specific client segments (business owners, senior executives, City professionals, sports professionals, and private clients) and offers supplementary services including Will writing, estate administration, and professional trustee services. The firm utilizes St. James's Place products and investment management capabilities, while connecting clients to partner services such as Flagstone for cash management, Metro Bank for lending facilities, and various legal and trust service providers.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Planning Services Comprehensive investment advisory services covering portfolio construction and asset allocation, with access to the St. James's Place range of investment solutions including ISAs, Unit Trusts, Investment Bonds, and offshore investments. Targeted at individuals, families and business owners seeking to grow wealth.
• Retirement Planning Full range of retirement planning advice including pension maximisation, Self-Invested Pension Plans (SIPPs), drawdown strategies, annuity purchasing, and planning for employed, self-employed, and employer clients. Targeted at individuals approaching or in retirement.
• Protection Planning Insurance and protection services including life cover, critical illness protection, income protection, family healthcare plans, and long-term care planning. Targeted at individuals and families seeking to protect their financial position.
• Corporate Services Business-focused financial services including corporate pensions, employee benefits, auto-enrolment compliance, tax mitigation, shareholder planning, and exit strategy services. Targeted at business owners and corporate clients.
• Mortgages and Specialist Banking Mortgage advisory for first charge residential, buy-to-let, self-build, expat, and commercial properties, plus access to short-term lending facilities through Metro Bank and trust savings accounts. Targeted at individuals and businesses requiring property finance or specialist banking.
• Intergenerational Wealth Management Family wealth transfer and estate planning services including gifting strategies, trust arrangements, business succession planning, and protecting assets for future generations. Targeted at families and business owners planning multi-generational wealth transfer.

Quantifiable outcome

• 150+ years of combined financial services experience across the team
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Eight partnerships are on record, tiered core, supporting and minor.

• St. James's Place Wealth Management plccoreStrategic or Co-development PartnerPWM is an Appointed Representative of St. James's Place Wealth Management plc, which is authorised and regulated by the Financial Conduct Authority. PWM represents only SJP for the purpose of advising on the Group's wealth management products and services. SJP provides the product platform, investment management (through carefully selected external fund managers), back-office, and access to specialist teams (private client, tax, legal, etc.). PWM is a trading name of Parallel Wealth Management Group Limited, registered in England and Wales.
• Kings Court TrustsupportingOthersOne of three estate administration service providers selected by St. James's Place for their commitment to client care and market-leading services. PWM refers clients to Kings Court Trust for estate administration when a loved one dies.
• Clarke WilmottsupportingOthersOne of three estate administration service providers selected by St. James's Place. Clarke Wilmott provides legal and administrative services for dealing with estates after death.
• Pavilion RowsupportingOthersOne of three estate administration service providers selected by St. James's Place for their commitment to client care and market-leading services.
• Genus Trust CompanysupportingOthersGenus Trust Company, regulated by the Jersey Financial Services Commission, provides professional trustee services in connection with the St. James's Place Professional Trustee Services offering. Jersey's autonomy over internal affairs makes it suitable for international trust structures.
• Metro BanksupportingTechnology or IntegrationMetro Bank works with St. James's Place to provide a short-term lending facility (using SJP investment portfolios as security), and trust savings accounts through the SJP Cash Deposit Service. Also provides access to the SJP Cash Deposit Service powered by Flagstone.
• Western Provident Association (WPA)minorOthersWestern Provident Association works with St. James's Place to offer the Family Healthcare Plan, a generation-spanning health insurance plan covering extended family members.
• Marsh & McLennanminorOthersCharlie Navesey joined PWM from Marsh & McLennan in 2024, having spent over 13 years in financial services roles there, including 3 years working abroad in Australia and New Zealand. Marsh & McLennan is noted as a prior employer rather than an active partnership.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Saunderson House: UK fee-based wealth management firm advising HNW clients on investment, retirement, and tax planning — directly comparable relationship-driven, fee-only model to PWM, with similar London base and target client profile.
• Foster Denovo: UK financial adviser and wealth management group serving individuals, business owners, and HNW clients — comparable relationship-led, fee-based advice model with similar segment focus to PWM.
• Mattioli Woods: UK wealth management and employee benefits adviser focused on HNW individuals, business owners, and senior executives — closely comparable client segments and adviser-led proposition to PWM, also AIM-listed and similar in scale.
• Kingswood Group: UK wealth management firm providing financial planning, investment management, and tax services to HNW clients — closely comparable UK-wide adviser-led proposition with overlap in target segments like business owners and retirees.
• Sanlam UK: UK wealth management division of Sanlam offering face-to-face financial advice to HNW and mass-affluent clients through a partner practice network — directly comparable distribution model and target market to PWM.
• St. James's Place Partner Practices: The wider network of SJP Appointed Representative practices — operate the same business model, product platform, fee structure, and target segments as PWM and represent the most direct comparables on revenue model and operating economics.

Broad incumbents

• Brewin Dolphin (now part of RBC Wealth Management): UK wealth manager providing discretionary portfolio management and financial planning to HNW individuals — overlapping proposition with PWM's investment and retirement planning services at greater scale.
• Quilter plc: FTSE-listed UK wealth manager with a national network of financial advisers serving mass-affluent and HNW clients — overlaps with PWM's advisory proposition but operates at materially greater scale with proprietary platform technology.
• Evelyn Partners: UK wealth management and professional services group formed from the merger of Tilney and Smith & Williamson, serving HNW individuals with discretionary investment management, financial planning, and tax advice — overlapping directly with PWM's mass-affluent and HNW proposition but at significantly greater scale.
• Rathbones Group: FTSE-listed UK wealth manager providing discretionary investment management, financial planning, and advice to HNW clients across the UK — comparable target market and service mix to PWM, with substantially larger AUM and national footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/parallelwealthmanagement

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parallel Wealth Management