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Wealthtime
Willingness to recommend
3.33/5
About the provider
Novia is an open architecture platform built to provide maximum efficiency and flexibility for advisers; with online applications, straight through processing and minimal paperwork. We offer over 3500 funds from over 300 managers. With aggregated trading on over 400 ETFs, plus access to sterling denominated equities we make it possible for even smaller investors to utilise investment options traditionally only available to large institutional investors. This broad range of assets combined with our award winning Model Portfolio Manager tool makes it easy for Advisers and DFMs alike to build and maintain Model Portfolios for their clients, and our integral cash facility facilitates simple and transparent charging. Our online Investor Zone provides investors with essential information about their product wrappers and over all portfolios mix as well as access to their documentation.
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Ownership:
AnaCap
AUM:
Β£8.6bn as at 30th September 2023
Partnerships:
GBST and Finocomp
NextWealth analysis
Novia is a platform that has reasonable functionality but users say the service is lacking and it offers poor value for money relative to competitors. It was acquired by AnaCap, a private equity firm that also owns Wealthtime and both businesses will be brought together under the Wealthtime brand. Novia offers good investment capability and DFMs say it's among the best for running models though doesn't offer much in the way of flow.
In our summer survey, advisers had this to say about Novia:
βService has fallen down to almost non-existent.β
βHigher charges than other platforms for better diversification and scope of investment, but amount of extra admin to maintain wrappers is not worth it.β
Integrations
Based on 52 reviews
3.52/5
Integrates One Way
Integrates Both Ways
Adviser Office (IRESS)
Fastrak
intelliflo office (intelliflo)
Plum Software (a Morningstar company)
True Potential Adviser Services (CRM)
Xplan (Iress)
No integrations available for Cash Management
No integrations available for Cashflow Modelling
No integrations available for Client Portal
No other integrations available.
Adviser Asset
Clever Adviser
Defaqto
O&M Systems
RSMR
Selectapension
Synaptics
ThreeSixty
No integrations available for Risk profiling and suitability
Reviews
Willingness to recommend
Integrations
Value for money
Service
No comment left by user
Anonymous
September 2023
Willingness to recommend
Integrations
Value for money
Service
No comment left by user
Anonymous
September 2023
Willingness to recommend
Integrations
Value for money
Service
No comment left by user
Anonymous
September 2023
