- A range of portfolio planning tools (including risk profiling)
- Pre-populated application forms
- Client valuations and transaction histories.
It also allows clients the option of viewing their investments online. Bill Vasilieff, CEO at Novia, says: âOur adviser firms can tailor their access and management of the Novia extranet according to their own client and business requirements and allowing for the different roles which administrators, para-planners and RIs perform. Our online risk profiler allows advisers to assess their clientsâ attitudes to risk and, by supporting this with arrange of tools, we can help advisers review existing portfolios and create new portfolios according to clients needs.ââ
Richard Denning, Director of Operations at Novia commented: â Weâve worked hard at giving advisers what they want - a secure, straightforward and easy to use extranet. We have developed extensive business processing functionality. We are also focused on the critical importance to advisers of the ongoing relationship between them and their clients. We understand how vital it is that advisers and their clients have online access to comprehensive valuation information and transaction histories. With InfoComp we have built a suite of MI reports available to Firm Owners, Advisers and Administrators to help them run their businesses more efficiently and in line with TCF.â
The comprehensive and extensive adviser proposition has been made possible through Noviaâs working partnership with InfoComp. Novia have been using InfoCompâs Composer solution for back office processing and this latest development uses the recently launched ComposerWeb front end solution. Rob DeDominicis, Chief Executive of InfoComp UK added: âAll the hard work inside Novia and InfoComp has paid off and InfoCompâs proven Composer technology has enabled Novia to go live with a quality system which is fast, intuitive and easy to use. Weâve really enjoyed working with a business which is so focussed on delivering a quality solution. ComposerWeb builds on the core principle of Straight Through Processing that has always been at the heart of our existing back office solution, including EMX, which enabled Novia to complete live trades from the first day of launch. As providers look to adapt and keep costs low in difficult markets, the importance of STP has now been thrown into sharp focus and the launch of our ComposerWeb solution emphasises InfoCompâs commitment in this area.â
Launched in October 2008, Novia has been trading with live investments from a number of financial advisers and looks forward to increasing its presence in the online investment arena.