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.
Novia Global is to launch an offshore version of its platform to allow expats greater access to DFMs and offshore funds.
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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.