Novia Global – at last a leap into the 21st Century for financial services !!

Many of our clients will already be familiar with the Novia Global investment platform, which we are currently implementing to replace many existing client portfolio structures.  A number of clients will already be aware of the advantage of having an investment platform in place, having reaped the benefit of adopting such structures into their portfolios previously, through platforms such as the Old Mutual Wealth platform.

Whilst we have mentioned on many occasions the benefits that online platforms can bring (cost effective, transparent charges, multi -currency functionality, online valuations etc,), we have not talked in too much depth in the past about what will happen to those policies or investments, either remaining with our agency or held elsewhere, that are not transferred onto a more efficient online platform.

Within both the UK and offshore industry, both life companies and unit trust companies are struggling to meet the constant demands of legislation and regulatory requirements put upon them, as well as the ever increasing expectations from both the financial advisor and the underlying investor or client.  To deliver on these demands takes time and comes at a substantial cost. The ‘knock on’ effect is that little money or focus is being spent on the ‘servicing’ aspect.  This is not an issue for platforms because they have the advanced functionality and ability to adapt to an ever changing and evolving financial services industry.

The resulting factor with traditional providers is that simple servicing requests are becoming arduous. As an advisory firm, we are losing confidence in these servicing teams. However with online platforms we can perform many of these tasks ourselves which gives us peace of mind that policies are being serviced correctly.

Instead of spending 10 minutes on a phone call waiting to speak to an automated message, you can now simply log in online into your nominated investment platform, such as with Novia Global.

Many investors are not aware of the fees and charges that are levied by investing with banks or plans offered through un-regulated financial advisory firms who do not disclose their fees, but who instead talk of the expectation of high returns and the latest ‘fad’ which one can invest in. Investment Platforms are very transparent and the client can see exactly what charges are being applied.  Opes Financial Planning International Ltd only use the ‘clean’ class charging structure on the platform.

Novia Global among other Investment Platforms are built with security and client focus in mind, further enabling the Opes Financial Planning International Ltd team to manage our clients holdings more effectively and therefore further enhance our relationship with clients, as we continue to work with you to achieve your financial aspirations.

Every investor is different so we ensure that we go through the pros and cons of Investment Platforms to establish that this investment vehicle is suitable for each individual and their unique circumstances.