UK’s Novia enters international platform market

Global handshakeNovia Global, a fund platform for advisers and other fund selectors in the UK, is entering the international market with the launch of an investment service in partnership with five asset managers. Marlborough Fund Managers, Smith & Williamson Investment Management, MitonOptimal, Tavistock Investments and Novia’s in-house manager, Copia Capital Management, have all entered into strategic agreements with the platform, which was launched only in October 2015. Novia’s international focus is the worldwide offshore market for expats and trust companies. The firm says the “panel” of five managers has a wide range of investment approaches and philosophies, which reflects the “non-homogenous requirements of the diverse and changing adviser and trustee needs in the international market”. Its in-house Copia manager, for example, manages passive allocation portfolios. Bill Vasilieff, chief executive at Novia Global, said: “We anticipate a strong demand for a high quality and diverse range of investment solutions in the offshore markets we operate in and are delighted to be making this announcement.” Phil Penrose, international sales director at MitonOptimal, said new standards in platform fees would result from Novia’s move. “Novia Global’s entry into the international platform space signals a new chapter in this developing market segment. Novia’s pedigree and proven experience in the demanding UK market will see them set new standards in technology, service and fees,” he said. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.