Download Report

Press Release
NOVIA GLOBAL TO LAUNCH
OFFSHORE PLATFORM
Today Novia Global announces its decision to launch an offshore platform which is set to go live in
quarter two of 2015. Novia Global will target the overseas resident expatriate market, providing
a transparent platform for international clients through International IFAs, Trustees, as well as
Private Banks and Discretionary Fund Managers. All required regulatory approvals including the
FCA and MiFID for Passporting have been applied for and full funding has been secured.
The Global platform will provide access to a diverse universe of offshore funds, Exchange Traded
Funds, structured products, direct equities and access to a cost effective range of offshore bonds.
Also available on the platform will be a large number of international DFMs and a currency and
cash account facility.
The platform will provide its own adviser tools and reporting, which enable portfolio modelling and
performance analysis. These will enable International IFAs and trustees to build / select model
portfolios and to monitor investment performance in line with benchmarks.
On line servicing,
documentation and reporting providing the prepopulating of client / trustee reports will also be
available from day one, as will the functionality for the inclusion of a Gross Investment Account,
Qualifying Recognised Overseas Pensions Schemes (QROPS) and an Offshore Bond.
Bill Vasilieff, CEO of Novia Global said: “The offshore market presents a huge opportunity to
provide new transparent solutions in a market previously dominated by outdated and opaque
systems. We are seeing the impact of the Retail Distribution Review in the UK market and we
believe a similar transition is also taking place in the offshore market with a move by jurisdictions
towards transparency.”
Vasilieff continued: “In addition, Trustees that are operating in the offshore market have
traditionally had a very limited access to DFMs, largely due to the small number that are based in
any offshore jurisdiction. The Global platform will provide ease of access to a large number of
DFMs at a much reduced cost and will provide management information and tools offering a value
for money service and functionality not previously enjoyed in this market. We are excited to be
developing this platform and anticipate strong demand once it is up and running.”
/ Novia Global Limited is registered in England & Wales. Register Number: 9042249. Registered office, Cambridge House, Henry Street, Bath BA1 1JS.
NGDFM-0914
The platform will be developed with software provider, GBST Wealth Management with the assets
held offshore. The management, who have a proven track record of successfully launching
platforms to market, will be led by Bill Vasilieff as Chief Executive Officer. Bill retains Executive
responsibility for Novia Financial plc in the UK who will provide limited support to Novia Global but
are permitting the use of the brand.
For further information please contact:
Bill Vasilieff
Novia Financial CEO
07525 767 276
[email protected]
Notes to editors:
Novia Global Limited will launch in Q2 2015 to provide a comprehensive wealth management service or ‘full
wrap platform’ for investment advisers and their clients in the offshore market. Novia will provide a
transparent pricing structure as well as access to a wide range of product wrappers each with their own Cash
Facility, an extensive suite of portfolio management tools, and access to an extensive range of investment
classes including shares, bonds, traditional authorised funds, ETFs and alternative investments.
The core operating system is provided by Australian based GBST who have been developing software
solutions for fund administration and financial services since 1996, and for wrap solutions since 1999,
amassing $186bn (AU) in assets under management on their systems.
The Novia team, based in Bath, is led by Bill Vasilieff ex Sales and Marketing director and joint cofounder of
Selestia. Novia as an independent proposition has substantial financial backing from a combination of private
individuals and corporate organisations. The board is chaired by John Beaumont, who has held a number of
non executive roles in major public organisations and several technology start-ups it also includes Donald
MacKinnon as non-executive, (ex sales director of Matrix Securities.)
/ Novia Global Limited is registered in England & Wales. Register Number: 9042249. Registered office, Cambridge House, Henry Street, Bath BA1 1JS.