Selestia co-founder Vasilieff to launch new Novia wrap

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Bill Vasilieff, ex sales and marketing director at Selestia, is set to launch a new wealth management platform called Novia later this year.

The platform is primarily backed by structured finance firm Future Capital Partners and also has individual support from two Matrix Securities directors, chairman David Royds and director Donald Mackinnon. Its full name will be Novia Financial Plc but it will be known as Novia which is Latin for ‘new way’. Custom built technology for the platform will be provided by Sydney-based InfoComp, which is the biggest provider of wrap technology in Australia. Wrappers on Novia will be a General Investment Account, ISA, SIPP and an offshore bond which will be outsourced to a third party. Charg...

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