Novia Global adds Brooks Macdonald, LGT Vestra, Bordier to DFM portfolio

Novia Global, the Bath, England-based platform aimed at international intermediaries and wealth managers, has added Brooks Macdonald, LGT Vestra, and Bordier & Cie (UK) to its growing DFM and model portfolio range.

In a statement today, the international arm of Novia Financial said access to these new investment product providers will be available via the Novia Global platform “with immediate effect”, where they have been fully integrated into its existing suite of online multi-currency platform tools and product wrappers.

The Novia Global integrated investment portal was originally launched in March 2016 with five DFMs: Marlborough, Smith & Williamson, Copia Capital Management, MitonOptimal and Tavistock Investments.

Dave Field, head of customer service at Novia Global, pictured, said the three new DFMs would provide additional choice for advisers and trust companies looking to outsource their investment decisions by means of a centralised investment portal that would give them “time and cost savings”.

Brooks Macdonald Head of Business Development Richard Hughes said making Brooks Macdonald’s International Managed Portfolio Service available to clients via Novia Global represented “a significant step in the development of our international business”.

LGT Vestra was created earlier this year,   as reported, by the acquisition of London-based wealth manager Vestra Wealth by LGT, the private bank that had its origins as the family office of Liechtenstein’s royal family, which still owns it. According to LGT Vestra (Jersey) managing director Richard Harwood, the “full range of LGT Vestra (Jersey) offshore models” will be available to clients via the Novia Global platform, thus giving offshore advisers and their clients access to investment products that “their onshore counterparts have been successfully using for many years”.

Bordier & Cie (UK) is the UK wealth management arm of a Swiss private bank, Bordier & Cie. It is headed up by chief executive officer Jamie MacLeod.

Novia Global was launched in 2015 to provide a comprehensive wealth management service, or “full wrap platform”, to investment advisers and their clients in the international market.

The Novia team is headed up by chief executive Bill Vasilieff, the former sales and marketing director and joint co-founder of Selestia, another UK platform operator, which was ultimately integrated into Skandia’s platform operation.

To read Vasilieff’s thoughts on how financial advisers should address such technological developments as fintech, robo-advice and blockchain technology in their businesses  – and what they don’t need to address, at least not yet – see the November issue of International Investment, which may be viewed online by clicking here.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

Read more from Helen Burggraf

preloader
Close Window
View the Magazine





You need to fill all required fields!