Novia Global and Transact expand DFM offerings with new deals

Added 8th November 2016

Novia Global has broadened its integrated investment portal through strategic partnerships with DFMs Brooks Macdonald, LGT Vestra, and Bordier & Cie, while Transact now offers advisers access to Quilter Cheviot’s managed portfolio service (MPS).

Novia Global and Transact expand DFM offerings with new deals

Novia Global

Advisers will be able to access the discretionary fund managers (DFM) and model portfolios via the Novia Global platform with immediate effect. The DFMs will be fully integrated into the suite of online multi-currency platform tools and multiple product wrappers.

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

The three new DFMs coming on board will be added to this panel to provide additional choice for advisers and trust companies looking to outsource their investment decisions via a centralised investment proposition.

Access to the new DFMs will include the ability to utilise their model portfolios now loaded on to the Novia Global platform or via a direct investment and will be fully integrated into the model portfolio manager tool.  

This allows advisers and discretionary fund managers to create and manage portfolios online, as well as providing the ability to perform portfolio scans on completed models, review performance, and realign portfolios.

Dave Field, head of customer service at Novia Global, said: “We are continually looking to enhance our offering and this unique collaboration, incorporating both the well-known as well as the emerging talent, will further help to support adviser and trustee choice when determining the best investment solution for their clients.

“The fact that these are integrated into the platform tools will offer time and cost savings for the intermediary as well as providing a clear audit trail and reporting synergies.”

Richard Hughes, head of business development at Brooks Macdonald, said: “As advisers and trustees adapt their business approach to meet regulatory change and the ever-growing demand for technology-led solutions, platforms will play an increasingly important role.”

Transact

Advisers are now able to access Quilter Cheviot’s managed portfolio service (MPS) via the Transact Intermediary Platform.

The Quilter Cheviot MPS provides a range of discretionary investment portfolios that offer clients diversified exposure to global financial markets.

Advisers utilising the Transact Intermediary Platform have access to Quilter Cheviot’s six MPS and four lower-cost MPS Index (IDX) investment strategies, covering a broad range of investment objectives to suit their clients’ differing requirements and attitudes to risk.

Glen Sweet, head of sales at Transact, said: “The addition of Quilter Cheviot now means that the choice is extended to over 65 [discretionary investment managers (DIMs)] being available on Transact, managing monies both on a model portfolio basis, as well as bespoke portfolio solutions.”

David Butler, strategic accounts director at Quilter Cheviot, said: “Offering our MPS through the Transact Intermediary Platform makes it simple for advisers to provide investment solutions that are both robust and flexible for their clients.” 

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About Author

Kirsten Hastings

Senior Reporter

Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 

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