Novia has today launched its portfolio management tool, Model Portfolio Manager.
Novia says the tool enables advisers to construct and reconstruct portfolios for their clients and it will also enable advisers to move clients in and out of different model portfolios and to track the number of clients and size of assets held in the portfolio.
The tool will be available to discretionary fund managers on the Novia platform this month and rolled out to advisers over the next few months.
Model Portfolio Manager will also manage portfolio realignment, rebalancing instructions and regular contribution instructions. Novia says the MPM allows client switches, dependent on arrangements an adviser or DFM has with clients.
Novia sales and marketing director Paul Boston (pictured) says: “This new tool further bridges the gap and helps maintain a fluid conversation, between IFAs and their DFMs as well as streamlining the IFA’s communication with their clients.”