Novia Global

Summary

Novia Global launched in October 2015, bringing the benefits of online platform technology to the key international markets.

They provide a platform service for advisers, private banks, trust companies and their clients to efficiently and effectively manage investments.

Their platform service provides access to a wide selection of assets, a suite of portfolio management tools and a choice investment management services.

Their core operating system is delivered by GBST.

GBST has been developing software solutions for funds administration and financial services since 1996.

> Wide range of investments.

> Excellent technology.

> Great customer service.

> No surrender penalties.

> Withdrawal flexibility.

> Smaller investments not as competitively priced as other platforms.

> Outside of a pension, many countries do not recognise any tax concessions.

Key Features

Novia provide access to two types of products:

  1. Global Investment Account (GIA):
    The Novia General Investment Account (GIA) allows you to make unlimited contributions into one account.

  2. International SIPP:
    The International SIPP is a low cost flexible retirement solution, available exclusively through the Novia Global platform.

Novia Global is regulated in the UK, under the Financial Conduct Authority, and is also widely sold in Dubai, Hong Kong and various EU countries.

How the platform keeps client assets secure:

  • Custody of assets is held with BNP Paribas (Jersey); the largest safe custody bank in Europe

  • Novia Global is audited by external auditors, have stringent business continuity and disaster recovery policies plus in house cyber security monitoring and management processes and controls

  • Novia Global administers client money and assets in keeping with the FCAs CASS regulations

  • A fully visible, fee based solution that provides ‘read only’ online access to underlying clients

NOTE:

  • The Novia Global platform allows you to monitor investments in real time; they offer a fully online automated monitoring, reporting & valuation service in partnership with Financial Express. This includes a suite of client reports including valuations, statements and performance reports.

  • Their products and investments are available in a range of currencies, including US Dollars (USD), Sterling (GBP), Euros (EUR), Australian Dollars (AUD) Swiss Franc (CHF) and Hong Kong Dollars (HKD) - you can choose to use one, or multiple investment strategies all managed within a Novia Global account.

  • When you invest through the Novia Global platform, you open a Novia Global account. This is a secure internet-based account to help you control and manage using the purpose built tools they provide.

  • As it is online, it available to access at any time through and provides you with access to information about all of the investments you hold.

  • Multiple products can be simultaneously held within a Novia Global account in order to maximise the benefits of the available product structures, currencies and portfolio management options.

  • The Novia Global platform has access to over 7,000 funds from over 300 leading fund managers across a multitude of asset classes and a host of investments options. This includes Societe d’Investissement a Capital Variable (SICAVs), Undertakings for Collective Investment in Transferable Securities (UCITS), Exchange Traded Funds (ETFs), alternative investments and direct investment in equities and bonds.

  • Their discretionary fund management (DFM) service has been established to enable easy access to a range of leading DFMs through the platform, offering a multitude of investment options and strategies. They use discretionary fund managers such as Brooks Mcdonalds, Ashburton Investments, Bordier & Cie and Copia Capital Management.

  • They are not able to receive applications from other countries, although they may use pensions and trusts to bypass territoriality rules.

  • The Novia Global Wealth Management Service has a choice of three charging structures agreed with the advisor. Some charges are also passed on from Novia’s partners, BNP Paribas Security Services with Winterflood Business Services. Deals are sometimes aggregated to save on costs.

Final Verdict

Novia Global is one of the stronger adviser-led international platforms.

It has excellent technology behind it with a good online system and the customer service is great. It can be more expensive than other options, especially if a DFM is added, which we believe is not always worth the extra cost.

Himalaya

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