The new Novia Global DFM service will provide investment solutions for international intermediaries wanting to use the skills of a DFM when making investment decisions.
Strategic relationships have been signed with Marlborough, Smith & Williamson, MitonOptimal, Tavistock Investments, and Novia’s in-house DFM Copia Capital Management.
The DFMs will be fully integrated into the multi-currency wealth management service and will be available for use across the relevant wrappers held on the platform.
The new service will also facilitate access to a range of model portfolios as well as the newly launched online modern portfolio manager tool, which facilitates the creation and management of portfolios.
Strong demand
Bill Vasilieff, chief executive of 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. The range of portfolio construction and reporting tools we offer, coupled with these discretionary fund managers, makes for a very powerful offering to our intermediaries.”
Hoshang Daroga, quantitative investment manager at Copia said: “With DFMs evolving their propositions to reflect changing needs, we are seeing a huge demand for index driven, largely ETF populated passive portfolios, overlaid with an active asset allocation.”
Brian Raven, chief executive at Tavistock Investments, said “We feel this is a huge opportunity for DFMs and one that we are keen to exploit to the fullest.”
