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Novia Global signs distribution agreements

Novia Global signs distribution agreements

Novia Global has today (11 February) signed contracts for distribution with Global Wealth Management Solutions, DV Global and UFC Fund Management.

Additionally, agreements have also been signed with offshore trust business specialist Emerald as well as Novia Financial in the UK.

Global Wealth Solutions have raised in excess of £0.75bn and in their function of marketing financial products to intermediaries globally. The firm was established in 2003.

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Novia Financial also announced that it will now be licenced to distribute Novia Global to UK advisers dealing in the international market.

DV Global has also selected Novia Global as the platform of choice following a rigorous due diligence process.

UFC Fund Management Plc and Emerald are also working with Novia Global with contracts in place for distribution.

Chris Skelhorn, Novia Global head of distribution, said: “We are delighted to have signed agreements with such high calibre businesses that, over the years, have developed phenomenal relationships with advisers.

“Global Wealth Management Solutions are to date our largest introducer and have an extensive experience in dealing and operating across a wide range of international jurisdictions.

“We have known the sales team there for some time and they have exemplary market knowledge with a strong professional ethos. We have already received a number of signed terms of business from adviser firms they have introduced.”

David Parker, managing director at Global Wealth Management Solutions, said: “We have been courting Novia to provide this solution for many years and have always been hugely impressed with their integrity, professionalism and ability to bring innovative world class product to market.

“Novia Global provides the perfect fit for GWMS to offer a client centric, best of breed solution to our key intermediaries.”

In September last year, FTAdviser reported that the Novia Financial’s offshore platform, Novia Global, was to go live at the end of that month.

The multi-currency platform will includes a suite of portfolio modelling, construction and reporting tools, a global investment account and a global retirement account.

Novia Global, 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.

ruth.gillbe@ft.com