Novia takes fight to big three

clock

Novia, the new wrap platform founded by Bill Vasilieff, claims to have already taken business from the big three fund supermarkets just weeks after launching its proposition.

Rolled out to the whole of market on 15 December, exactly two months after going live, Novia aims to accumulate £5bn in platform assets in about three to four years, roughly half the time it took rival Transact to reach the milestone. Vasilieff says Novia has seen "big money" come its way, with 30 to 40 firms signed up to the platform so far. "Our sales team is very optimistic; we are already getting money from Cofunds and FundsNetwork. We also expect a lot of Selestia accounts to come over," he says. "The number one priority for us is to offer a fast, efficient service and advisers h...

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 Investment

Equity fund outflows hit £1.44bn during war-torn March

Equity fund outflows hit £1.44bn during war-torn March

Calastone Fund Flow index shows

Professional Adviser
clock 09 April 2026 • 2 min read
Quality investing: Holding conviction when markets test investors

Quality investing: Holding conviction when markets test investors

Quality investors have no doubt had their conviction 'severely tested' of late

Scott Spencer
clock 31 March 2026 • 5 min read
Darius McDermott: The five-year laggards - can they revive?

Darius McDermott: The five-year laggards - can they revive?

'It's a complex backdrop for investors'

Darius McDermott
clock 31 March 2026 • 6 min read