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Home > Investments > Wraps & Platforms

By Samantha Downes | Published Dec 01, 2011

Novia adds 17 Skandia funds to platform

The 17 SIG funds available on the Novia platform include the Spectrum risk targeted range. The six Spectrum funds, which are managed by SIG, are regularly reviewed and automatically rebalanced to ensure they remain in line with their volatility targets.

The Spectrum funds aim to maximise investment returns within their set volatility targets.

The total funds under management in SIG’s Spectrum funds was £1.2bn as of 30 September this year.

Other SIG funds that have been added to the Novia platform include the Skandia Diversified fund, SIG’s pioneering Best Ideas fund range, and the Skandia Global Dynamic Equity fund.

Rob Williams, chief sales and marketing officer at SIG said: “The launch of these funds on the Novia platform further satisfies the demand from investors for our innovative and robust investment solutions.

“Novia will help ensure that our world-class funds are made available to a wider audience of advisers and investors.”

Scott Beasley, investment marketing manager for Novia, said: “We are delighted to be making Skandia Investment Group’s range of funds available through Novia.

“This further broadens the investment universe we offer to advisers using the platform – now over 2000 funds from more than 275 fund managers.

“We have added a wide range of SIG funds from across the major asset classes, including the the Spectrum series of funds, and are sure this will aid advisers by providing yet further choice to meet their client’s needs.”

The Spectrum range is also available through Ascentric, CoFunds, Fidelity FundsNetwork, Nucleus, Skandia Investment Solutions, Standard Life Wrap and Transact platforms.

The Novia platform was launched in October 2008, and includes portfolio management tools, access to investment classes including shares, bonds, traditional authorised funds, ETFs, alternative investments and a cash facility.

Its core operating system is provided by Australian-based GBST while its portfolio management tools are powered by Financial Express, who also provide the data for the platform.

Novia is based in Bath and its chief executive is Bill Vasilieff, former sales and marketing director and joint co-founder of Selestia.

Novia’s board is chaired by Sir Anthony Cleaver, former chairman and chief executive of IBM in the UK. Other board members include John Beaumont, non-executive, who has held a number of non-executive roles in major public organisations and several technology startups and Tim Levy, non-executive and investor, and chief executive of Future Capital Partners.

Warren Shute, a chartered Financial Planner for Wiltshire-based Lexington Wealth Management, said: “Skandia’s funds are popular and the Spectrum range is well respected and popular among clients.

“But for advisers the real benefit is that the more platforms offering more funds means there is a better choice for both clients and advisers who will not have to consider switching platforms simply to offer more choice.”

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