Novia to launch fractional ETF dealing by year-end

Working with Winterflood

Laura Dew
clock • 1 min read

Novia is set to launch fractional dealing on its DFM service Copia Capital Management by the end of the year, offering better affordability and precision to ETF investors.

Fractional dealing allows investors to invest exact sums of money in ETFs through fractional units, rather than having to buy the whole unit. Being forced to buy a whole unit has previously created difficulties for retail investors who did not have enough money to purchase a whole share, or those preferring to invest fixed sums, such as £100. Novia chief executive Bill Vasilieff (pictured) described the latest initiative as breaking down the "last barrier" to ETF uptake by financial advisers, which has historically been low.  The firm is working on this feature with Winterflood Bus...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Will IFA-owned platforms take over the financial advice sector?

Will IFA-owned platforms take over the financial advice sector?

PA talks to industry experts on the future of adviser-owned platforms

Sahar Nazir
clock 27 March 2024 • 9 min read
CGT support from platforms now 'adviser must have'

CGT support from platforms now 'adviser must have'

Shrinking personal allowances dragging more investors into CGT net

Jenna Brown
clock 27 March 2024 • 2 min read
Bravura returns to profitability in H1 amid business 'reset'

Bravura returns to profitability in H1 amid business 'reset'

Platform technology provider gross revenues up 7.4% in first half

Jenna Brown
clock 20 February 2024 • 1 min read