MPM enables intermediaries to build and maintain model portfolios online; allowing them to construct model portfolios for clients and manage clients in and out of those portfolios.
It also monitors the number of clients and assets under management held in the portfolio.
Real time
MPM is linked to existing analysis tools and uses data from Financial Express to support the research of assets and perform back testing on completed models. The portfolios are built in real time, so as soon as they have been designed they are ready for use.
The new tool enables portfolio realignment at the touch of a button, rebalancing instructions can be updated to models to reflect new portfolio compositions, client switches can be done in bulk, and it will synchronise all client trades within a model.
Novia has also built in multiple “are you sure” checks to ensure bulk switching is done in accordance with the user’s requirement.
Revolutionise
Chris Skelhorn, head of distribution at Novia Global, said: “We are delighted to be bringing this very popular tool to the international market. The feedback we have had back from UK advisers and discretionary fund managers (DFMs) has been phenomenal. We believe it will help to revolutionise how models are built and maintained in the global space.
“We are seeing more and more money coming in directly into model portfolios as advisers, private banks, DFMs and trusts look to de-risk their businesses by providing appropriate centralised investment propositions.
“As well as providing huge administrative savings both in terms of time spent on building and maintaining models, the MPM can also provide real efficiencies for the end client as aggregated trading on ETFs and investment trusts can significantly reduce the charges involved.”
Novia Global launched in October 2015 providing a transparent wealth management service facilitating access to a diverse universe of assets and currencies.
