View more on these topics

Novia launches DFM service

Novia is launching a passive discretionary fund management business.

Copia Capital Management will be available exclusively through the Novia platform and will sit alongside the other 42 DFMs available on the platform.

The service will offer advisers a range of risk-rated portfolios using passive instruments including Oeics and ETFs and will be available by the end of the year.

Novia has appointed Dr Evrin Erdem as Copia head of investment. Erdem previously worked at Fidelity and execution-only DFM service Nutmeg.

The charges for the service are yet to be confirmed but will be in the region of 25bps.

Novia chief executive Bill Vasilieff says: “We have seen a huge growth in new business inflows into DFMs and Novia has already developed a strong reputation for its DFM offering.”

The Lang Cat principal Mark Polson says: “I think Novia is becoming known as the most active platform in the DFM space. The model portfolio functionality available on the platform is really good so this is a logical next step for the business and probably a good thing for them to do.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm