Novia Financial’s offshore version of its platform, which is set to go live at the end of this month, will initially provide access to five currencies and more than 1,000 funds.
The multi-currency platform will include a suite of portfolio modelling, construction and reporting tools, a global investment account and a global retirement account.
Novia Global, which was unveiled earlier this year, is aimed at the worldwide ex-pat market and trustees and will be available to advisers dealing in the international market, private banks, trust companies and their clients as well as certain other professional investors.
The service will enable advisers access to round the clock online trading, developed by Novia Global and provided through back office software from first class Australian technology business GBST.
The firm said that it will initially support residents (individuals and trusts) based in the Channel Islands, Isle of Man and Switzerland and will be passporting across Europe and into other jurisdictions in the coming weeks with the intention of quickly further extending the geographical presence.
A choice of remuneration options to suit the adviser and trustee’s business models will be provided by the new wealth management service.
The firm said that a separate cash account will be available and this will be used to administer the charging and will be shown in the transaction history. The platform will be able to support the operating model that most meets the needs of the business user and their clients.
Additionally, there will be the facility to access a number of online discretionary fund managers, including Copia Capital Management which will provide ten risk-rated portfolios as well as potentially bespoke services for clients.
Novia Global new wealth management service will be distributed through a number of independent distribution companies whom already have established international adviser relationships both on and offshore.
The organisation will deliver access to offshore funds, exchange traded funds (with aggregated trading) structured products with direct equities and an offshore bond set to be added in the coming months.
A research hub will also be available from the beginning offering fund analysis, fund charting, portfolio scanning, fund comparisons, export functionality, dividend reporting and document downloading.
Bill Vasilieff, chief executive at Novia Global said: “The distributors we have spoken to consider the range of features and functionality offered add up to a totally unique proposition and the first of its kind in the global market. The international expat market has been woefully under resourced in truly transparent online service offerings.
With the launch of this new international wealth management service, we are pleased to be able to offer advisers and trust companies access to the very latest in platform technology, with online reporting, functionality as well as a commitment to first class service.“
ruth.gillbe@ft.com
