UK's Novia Launches Discretionary Fund Management Service

Tom Burroughes

24 March 2016

, a UK-based platform for international intermediaries, has launched a discretionary fund management service for its users, with strategic relationships agreed with a raft of firms.

The relationships agreed so far are with Marlborough, Smith & Williamson, MitonOptimal, Tavistock Investments and Novia’s in-house DFM, Copia Capital Management.

The service gives access to a range of model portfolios as well as the newly launched Modern Portfolio Manager tool.

“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,” said Bill Vasilieff, chief executive at Novia.

Novia Global launched in October last year.