Novia - the perfect DM partner
Valentine's day is once again upon us - traditionally a time when our thoughts stray to those of love, romance and our perfect partners. What better a time then for us to consider what it is that makes Novia and the DFM the “perfect partnership” (well, over 40 partnerships to be exact but who is counting?)
Well it seems there are many reasons – We are increasingly finding that advisers are looking to outsource their investment management to DMs – last year the number of DM related transactions on the platform was 50% higher in Q4 than it was in Q1. That trend looks set to continue as RDR fast approaches and advisers continue to seek ways to de-risk their business.
So, what is it that makes Novia the “perfect DM partner” or DM wrap of choice for advisers?
· The range of DMs on offer through Novia now covers the full spectrum from model portfolios populated with passive or active funds to fully bespoke portfolio management options. This provides the choice that advisers need to select the DM that suits their proposition and their clients.
· We allow advisers to keep control of the assets via the Novia platform whilst outsourcing management to a DM. Unlike some propositions in the marketplace, the assets remain within the Novia nominee and do not come under the control or ownership of the DM. Appointments of the DM can also be handled through Novia so the adviser remains in control at all times.
· The efficiency of using model portfolios via Novia means many DMs have lowered their charges through models to just 25-50 bps - instead of the 100bps or more that were common where DMs had custody of a client’s assets. In many cases we can also remove the often prohibitive minimums that could stop clients accessing such services.
· Novia offers a suite of online tools that integrate the models available and provide a Model Portfolio Evaluator that allows advisers to demonstrate model portfolios against a client’s current holdings and show the risk-return profile of different DMs models graphically.
Just a few of the reasons that we think it’s a pretty compelling match. Using DMs through Novia enables advisers to efficiently outsource investment decisions to the experts and now at a lower cost than ever before. Further information, including details on the range of DM firms we currently work with can be found via the following link - http://www.novia-financial.co.uk/information/discretionary-managers.aspx