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Old 13.08.2020, 16:54
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Novia Global Wealth Management

Dear EFers, I just got this offered from a UK WM agent.
https://novia-global.com/

Anyone heard about this company before? They should be a "wealth management platform", which really just looks like a brokerage firm like IB or SwissQuote, but they charge a 0.4% TER on your account and allow professional advisers to manage on your behalf.

I'm a bit skeptical, so I thought to ask the community.
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Old 13.08.2020, 18:47
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Re: Novia Global Wealth Management

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Dear EFers, I just got this offered from a UK WM agent.
https://novia-global.com/

Anyone heard about this company before? They should be a "wealth management platform", which really just looks like a brokerage firm like IB or SwissQuote, but they charge a 0.4% TER on your account and allow professional advisers to manage on your behalf.

I'm a bit skeptical, so I thought to ask the community.
Run a million miles. If you don't consider yourself a skilled investor and don't want to learn just put all your wealth into a SP500 tracker.
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Old 13.08.2020, 18:52
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Re: Novia Global Wealth Management

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Run a million miles.
Good advice.

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If you don't consider yourself a skilled investor and don't want to learn just put all your wealth into a SP500 tracker.
Not good advice.
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Old 20.08.2020, 18:42
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Re: Novia Global Wealth Management

The website doesn't look dodgy, e.g. no hidden registrant, names and faces of those involved published (e.g. executive team). Novial Global Limited is on the Financial Conduct Authority's register, as is the chairman, managing director, chief financial officer and head of risk and compliance.

Have tried finding fraud/scam-related stories in connection with the company name and chairman's name and personal feedback from clients, esp. negative, but nothing. However, Novia Global is apparently only four years old.

Novia Global is mentioned in this January 2020 article, though:

IFA warns of DB transfers to illiquid investments danger

"The QROPS is held with Novia Global..."

A profile of the chairman from the local press:

https://www.tbebathandsomerset.co.uk...ill-vasilieff/

I gather that if you take advice from an FCA-authorised IFA/WM located in the UK but you are not located in the UK, the advice you get is not covered by any FCA-related guarantees, unlike for customers located in the UK.
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Old 20.08.2020, 18:57
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Re: Novia Global Wealth Management

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Good advice.


Not good advice.
Interested to here what you would suggest to a rank amateur (im not much better than that tbh).
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Old 21.08.2020, 01:04
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Re: Novia Global Wealth Management

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The website doesn't look dodgy
hey thanks for all this. I indeed received this from a legit financial adviser in Switzerland, the guy being Scottish is just adding a bit of validity into why he would recommend a UK thing.

I'm not going to do this as a 0.4% TER is not justified I think for a platform like SwissQuote or IB.
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