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European IFA body partners for outsourced DFM

European IFA body partners for outsourced DFM

The Federation of European Independent Financial Advisers has agreed a partnership with multi-jurisdictional investment manager Nova Wealth to offer services including discretionary fund management and treasury management.

The European adviser association’s chief executive Paul Stanfield commented that outsourcing investment management is a growing trend in the international market place and with member firms.

“Our recent asset management partnerships have often, and deliberately, reflected those developments,” he added.

The association’s partnership programme was launched in March 2010 and assists members by providing information, unique products, services or arrangements, training, and professional development benefits.

It now has affiliations with a range of companies, including all of the relevant international life companies and most of the major asset managers.

At the end of December, Tilney Bestinvest partnered with the federation to offer European-based, English-speaking IFAs access to its range of investments.

The relationship with Feifa and its members will be headed up by Ben Wiseman, the London-based head of business development at Nova, who added that the firm’s focus is on capital preservation, coupled with long term growth through bespoke and modular discretionary multi-asset and direct security portfolios.

Established in 2004, the Nova group is based in Guernsey and regulated by the Guernsey Financial Services Commission.

Ross Preston, group managing director at Nova, explained that they are a privately owned, independent firm with a team of professionals from an institutional investment background.

“The ability to tailor our investment offerings to our intermediary clients, coupled with our industry experience, provides something very different to many of the options currently available to IFAs and their clients.”

peter.walker@ft.com