Novia Global, a new wealth management service platform, is set to go live by the end of September subject to UK FCA approval and offer multiple currencies, access to over 1,000 funds, portfolio modelling, construction and reporting tools, and both Investment and Retirement accounts.
The service is built on a platform to enable 24 hour online trading, and is supported by technology from GBST, and Australian technology business.
Novia Global said it would target international advisers, those working in private banks and trust companies, and other professional investors. The Channel Islands, Isle of Man, Switzerland will be the initial markets targeted, but it will use passporting rules to spread out into other jurisdictions.
Bill Vasilieff, CEO, said: “We are absolutely delighted to bring Novia Global to market. 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. We are witnessing a move by an increasing number of jurisdictions away from the traditionally opaque, high commission bias landscape towards a greater focus on suitability, cleaner products and greater oversight on advisory practices. 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.”