Bath-based wrap specialist
Novia Financial launched in October 2008 to provide a full-wrap platform for investment advisers and their clients. It is based in Bath and led by Bill Vasilieff, the former sales and marketing director, and joint cofounder of Selestia.
The company offers a variety of product wrappers, such as ISA and SIPP, and provides a transparent pricing structure and access to investment classes including shares, bonds, traditional authorised funds, ETFs and alternative investments.
Its operating system is provided by Australia-based GBST and the portfolio-management tools by FE.
Replacing Bill Vasilieff
Will be rebranded following Aberdeen merger
Service launched last March
Working with Winterflood
Problems for platforms
Partnered with two US firms
Trading charges of 5bps
Novia Global is to launch an offshore version of its platform to allow expats greater access to DFMs and offshore funds.
Revealing platforms' profitability (and why it matters)
'There could be disasters in the D2C space'
Platforms must branch out to survive
Wrap platform Novia has formed a strategic partnership with Tavistock by teaming up with Cocoon Investments to acquire a £250,000 stake in the business.
Scotland voting yes to independence from the rest of the UK would be a "disaster" Novia chief executive - and Scot - Bill Vasilieff has said, less than a month before the referendum.
Aegon UK is to buy Novia Investment Services Limited (NISL) from parent Novia Financial in a deal which brings its platform development business in-house, Investment Week can reveal.
Novia's in-house discretionary fund management service, Copia Capital Management, has gone live today, and the platform has already seen interest from several adviser users.
Last night the prestigious Aberdeen UK Platform Awards were held in London. Here are all the winners and the judges' comments on why they scooped the prizes.
Novia's ongoing arrangement to build and administer Aegon's platform netted the group's subsidiary £1m in 2012, the latest results have revealed.
Wrap platform Novia has said it will no longer accept cash rebates on new or legacy business from April 2014.
Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.
Platform Novia has seen its profits before tax jump by more than a fifth in 2012, after assets climbed sharply to rise above £1.4bn.