Pacific Asset Management to acquire Parallel Investment Management from Fidelius Group.

Pacific Asset Management, an asset management business, agreed to acquire Parallel Investment Management, a provider of investment management services, from Fidelius Group, a financial services company. Financial terms were not disclosed. “We are delighted that the Fidelius Group has decided to partner with PAM. The combination of PAM’s investment management capabilities with the strength and breadth of Fidelius Group’s chartered financial planning expertise makes for a strong long-term partnership and great cultural fit, not only for our group but for our advisers and all our clients,” Matthew Lamb, Pacific Asset Management CEO.