Parmenion founder Richard Mein dies

Richard Mein

Parmenion founder Richard Mein has died aged 52 following a short battle with cancer.

Mein, who who is survived by a wife, son and daughter, started the Parmenion business in 2007 having previously worked at Rowan & Capital Management as head of operations.

He began his career in 1983 as a trainee with NatWest and then spent four years at Old Mill Group as an independent financial adviser beginning in 1985.

Parmenion executive chairman Rennie Miller says: “Richard’s fundamental belief was that financial services should be bought and not sold and he was mindful that the world over, people are looking for more modern and efficient means of buying products and services.

“Richard’s inspirational integrity and determination to ‘do the right thing’ means that in his memory, management will continue to take his vision forward.

“Parmenion will continue to flourish and provide a bespoke service without compromise within the larger Aberdeen group.”

Parmenion, which was acquired by Aberdeen Asset Management in September 2015, administers £2bn of assets on behalf of 900 advice firms and employs 100 staff.