Novia adds 7IM to discretionary offering

Under the tie-up, advisers using Novia can access the complete range of 7IM's passive model portfolios which are designed to link with the wrap's one-to-ten risk scores. The 7IM model portfolios carry an annual management charge of 0.25% inclusive of VAT. "We emphasise three things at 7IM - cost conscious portfolios with steady performance and managed risk," said 7IM director and co-founder Justin Urquhart Stewart. "This approach helps our clients sleep at night." Novia now has over 30 discretionary managers on the wrap, ranging from model portfolios populated with passive or activ...