The Novia Global Platform provides a comprehensive suite of tools for its users.
Our tools have been developed in conjunction with experts suppliers, such as Financial Express, to provide the means to simply and easily inform and manage investment decisions. We add further value by cutting out unnecessary paperwork and removing time wasted by avoiding the need to re-enter data.
The tools enable Advisers, Private Banks and Trust Companies to create standalone reports, to help build portfolios and to support full investment reviews.
Clients have access to their key documents and detailed information about their investments held on the Novia Global Platform through our bespoke web application. They can review their information and valuations at any time through smart phones, tablets or computers with internet access.
You can learn about specific tools by clicking on the arrows in the list below.
You are able to use our Risk Profiler as part of your fact find process.
Assessing a clients’ attitude to risk is a key aspect to giving appropriate advice. To assist with the fact finding process we provide a Risk Profiler tool. By analysing a client’s responses to a series of questions, this standalone tool provides a standardised approach with an auditable, client focused output.
Our investment and actuarial consultants have constructed a Risk Assessment Questionnaire of 12 questions that fall into three main categories.
Investment details - These questions obtain factual details about the client’s plans for the investment
Importance and expectations - These questions enquire about the relative importance of the amount being invested and the expected outcome. They are designed to assess the client’s capacity to take on risk
Tolerance of investment risk - These questions investigate how the client feels about various possible outcomes from their investment portfolio
The responses that the client provides are analysed using our consultant’s algorithm to produce a risk score of 1 to 10.
The risk score is calculated in the following way.
The possible answer for each question is assigned a score between 0 and 100 that indicates where the client sits in terms of risk.
Each question also carries an 'importance weighting' reflecting how close a proxy the response is for investment risk.
The weighting is applied to each score and these are summed to produce a total.
This total is then mapped against the normal distribution of responses found in the population to produce the final risk score of 1 to 10. 1 reflects the most risk averse investors and 10 are those with the greatest appetite for investment risk.
The output from the Risk Profiler is a report that contains:
a record of the client’s responses
the risk score for the client
an explanation of what the score means
the ability to include your own bespoke commentary
a declaration for the client to sign for your records
This is produced as a PDF which can be printed and emailed.
Benefits without additional costs
Adopting a standardised approach helps produce consistency across clients. The ability to easily and quickly generate comprehensive risk assessment documentation, and retain copies agreed by clients, supports both transparency and compliance activities. These are benefits provided by our Risk Profiler.
It is available at no additional cost to Intermediaries that use the Novia Global Wealth Management Service and can be used for all of their clients.
Our asset selector offers a range of filters that can be used to displayed the most relevant assets.
Novia Global currently offers access to over 300 funds managers with more than 7000 funds.
Our asset selector offers a range of filters. These can be used to reduce the funds displayed to those that are most relevant.
You are able to generate an optimised range of assets based on a risk profile, from our Risk Profiler or from other sources, and all pre-built model portfolios are available for selection. These can be used as the basis of a new portfolio and users are able to amend the assets selected as required.
Fund Information - Documents and Downloads
Users of the Novia Global Wealth Management Service have access to information on a comprehensive range of funds.
Users of the Novia Global Wealth Management Service have access to information on a comprehensive range of funds. In addition to the Novia Global fund universe, we also supply information on an array of other universes including: UK ABI Pensions, UK Mutual, UK UT and OEICs, Hong Kong Mutual, Singapore Mutual, Malaysia Mutual, Germany Mutual, Switzerland Mutual, Offshore mutual, Ireland Offshore and Global ETFs.
Users are able to easily identify those assets that are of most interest using a wide range of filtering methods.
All key documentation provided by the fund managers is available for download. This includes documents such as the provider’s factsheet, Key Investment Information Document, Supplementary Information Document, Prospectus, Annual Report, Product Highlights Sheet and the Key Facts Statement. They can be downloaded individually or can be selected through a download tool. This tool enables users to specify the reports that they want and to capture them as a single pdf, to the extent that regulation allows.
The download tool is also a gateway to dividend information that can be shown on screen or downloaded into an excel document.
Fund Comparison Tool
To help with fund selection we have also included a comparison tool.
To help with fund selection we have also included a comparison tool. This allows users to select up to four funds from those that they have placed in the portfolio for investigation and produce a pdf report that shows:
ratios and risk measures
This is highly flexible and provides documentation that will help to communicate the strengths and weaknesses of funds across sectors, currencies, share classes etc.
Portfolio Scanner (P-Scan)
We give our users the ability to "drill down" in portfolios to analyse their asset allocation, geographical/sector split, return compared to benchmarks and risk rating.
We give Advisers, Private Banks and Trust Companies the ability to “drill down” within portfolios to analyse asset allocation, geographical/ sector split, return compared to benchmarks and risk rating. Our portfolio scanner, which provides this breakdown of a client’s investments, is called P-Scan. It is available to use as a standalone tool for initial client research or integrated into a broader portfolio review. The reports generated are considered useful for client updates and annual review packs. They can be tailored to your requirements and your firm logo can be added.
Our Fund Charting tool allows Advisers, Private Banks and Trust Companies to monitor the performance of selected funds over a choice of time periods and compare these to other funds and benchmarks, such as sector averages and indices.
This tool covers all assets offered by the Novia Global Wealth Management Service (the Novia Global Asset universe) and 11 other fund universes eg Singapore Mutual, Germany Mutual etc. The assets include Societe d’Investissement a Capital Variable (SICAVs), Undertakings for Collective Investment in Transferable Securities (UCITS), Exchange Traded Funds (ETFs), alternative investments, structured products and direct investment in equities and bonds.
Model Portfolio Manager
Our Model Portfolio Manager (MPM) tool enables our users to take full administrative control over their model portfolios, creating and managing them online.
Our Model Portfolio Manager (MPM) tool enables Advisers (with the appropriate discretionary powers), Private Banks, Trust Companies and Discretionary Fund Managers (DFMs) to take full administrative control over their model portfolios, creating and managing them on line.
MPM is also linked to our other analysis tools so models can be researched at the point of construction. There is an instant submit, with no “overnight refresh” so Advisers, Private Banks and Trust Companies will be able to build portfolios and use them within the hour.
Advisers, Private Banks and Trust Companies can establish their own model portfolios or work with a DFM
An unlimited number of portfolios can be established, for different risk profiles, for both Novia Global Products
MPM provides the choice of updating some or all clients within a model by one simple instruction
MPM has the functionality to synchronise all clients’ trades within a model portfolio. The single dealing point provides equality across clients
Portfolio Performance Review
This tool looks at the performance of a client's portfolio taking into account the client's actual cash flow and works out the rate of return earned on the client's money.
It is designed to answer the question ‘How has my money done?’ and can measure the success of switching strategies. The results can be particularly surprising when the review period is short, eg just a few months.
The calculation gives a true rate of return on the client’s money, taking into account investments and disinvestments. It considers the ‘Money Weighted’ rate of return which can be shown against a rate of return benchmark of the Adviser’s choice. All charges are taken into account when calculating the client’s rate of return, including the fund charges, Novia’s charges and the Adviser’s charges. For the benchmark portfolio only charges incurred at the time of investment of new money are included and the tool will not reflect the recurrent Adviser and Novia charges.