Platform Novia is to launch its own fund management arm in the final quarter of the year, providing advisers with a range of risk-rated portfolios to offer to clients.
Copia Capital Management - a discretionary fund management business wholly-owned by Novia - will offer advisers using the platform an exclusive range of passive-powered portfolios which are managed using a quantitative investment strategy. The group has hired quant specialist Dr Evrin Erdem (pictured) - who has previously worked at Fidelity and discretionary investment group Nutmeg - to run the range, which will consist of up to ten risk-rated portfolios. They will be populated with a selection of passive OEICs and ETFs to keep costs down for users, with the portfolios sitting alongsi...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
