Investments  

Novia Global launches specialist DFM service

Novia Global launches specialist DFM service

International intermediary platform Novia Global has launched a new discretionary fund management service, providing access to five investment houses.

Strategic partnerships have been signed with Marlborough, Smith & Williamson, MitonOptimal, Tavistock Investments, and Novia’s in-house DFM service Copia Capital Management.

Access to these DFMs will be integrated into the multi-currency wealth management service, and available for use across all the relevant wrappers held on the platform.

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Bill Vasilieff, chief executive at Novia Global, said he anticipated strong demand for this diverse range of investment solutions in the offshore markets. “The range of portfolio construction and reporting tools we offer, coupled with these DFMs, makes for a very powerful offering to our intermediaries.”

Andrew Staley, chairman and managing director of Marlborough Investment Management, said: “The new platform addresses a clear appetite among international intermediaries for quality investment solutions, and since Marlborough has a reputation for excellence in investment management, we believe this is a strong strategic fit.”

Hoshang Daroga, quantitative investment manager at Copia, said: “With DFMs evolving their propositions to reflect changing needs, we are seeing a huge demand for index-driven, largely ETF [exchange-traded funds]-populated passive portfolios, overlaid with an active asset allocation.

“The recent launch to market of our new Smart Beta portfolios were immensely well received in the UK adviser market, and we are delighted to be bringing these and our 10 risk-rated Copia models to the international market via the Novia Global platform.”

Brian Raven, chief executive at Tavistock Investments, said “We are excited to be working with Novia Global as they enter the worldwide offshore market for expats and trust companies. We feel that this is a huge opportunity for DFMs and one that we are keen to exploit to the fullest.”

Adviser view

Simon Webster, managing director at Facts & Figures: Chartered Financial Planners, said: “It’s good to see them expanding their operation, and we wish them all the best.”