Novia Global Limited serves as an international online wealth management platform, established in 2015 as the international counterpart of the UK-based Novia Financial UK. Despite its relatively recent inception, Novia Global’s foundation draws from the longstanding expertise of its parent company, which has been operating since 2008. Privately owned, Novia Global operates independently, with Novia Financial recently undergoing acquisition by a Private Equity Fund.
The Novia Global Platform empowers users, working through a financial adviser, to construct portfolios tailored to their investment objectives, whether through lump-sum investments or regular savings. Offering both a Global Investment Account (GIA) and an International SIPP (Self-Invested Personal Pension), Novia Global members gain access to personalized login credentials, granting them visibility into their investments. Additionally, the platform features a comprehensive research center, FE analytics tools, and a range of portfolio management utilities.
It’s worth noting that trading activities are exclusively facilitated by appointed financial advisers, ensuring a guided approach to investment decision-making.
Novia Global offers access to three primary products:
- General Investment Account (GIA): Allows unlimited contributions into a single account
- UK SIPP (Self-Invested Personal Pension): A cost-effective and flexible retirement solution, exclusively available through the Novia Global platform
- ISA’s: This allows expats to in specie transfer their existing ISAs when overseas. When back in the UK, they can then continue to contribute
Novia Global Key Points:
- Novia Global is one of the only offshore trustee providers to provide both the trustee and platform in one
- Novia Global is widely distributed in the Middle East, Far East, the EU, the UK, and across America.
- It is one of the first companies to adopt a fully online business model.
- Novia Global Ltd launched its international presence in 2015, after its success in the UK as one of the largest platform providers
- Your funds are ring fenced with Novia Global, meaning should they in the rare scenario go into liquidation, your funds are fully protected.
- They have a very transparent fee schedule and are extremely cost effective.
- Novia Global provide an entirely independent open architecture platform with access to a wide range of investments.
- Novia Global use Pershing (a subsidiary of BNY Mellon) as their custodian for protection, which is the largest custodians worldwide.
- It provides the best value for money with regards to service and charges
- If you would like any more information on Novia Global, please check out their website: https://novia-global.com
Platform Fees
- Novia Global have an annual charge of 0.3% which is based on the fund value. For cases above GBP 1m, they offer discounted rates.
- There is a custodian fee of 0.04% per annum.
- The dealing fee is $5 per trade.
- GBP 0 Setup Fee
- 8 GBP denominated ETFs – external costs will be charged by financial intermediaries where the ETF is listed. Please refer to the funds KIID document for more information.
- 9 EUR denominated ETFs – external costs will be charged by financial intermediaries where the ETF is listed. Please refer to the funds KIID document for more information.
- 10 USD denominated ETFs – external costs will be charged by financial intermediaries where the ETF is listed. Please refer to the funds KIID document for more information.
- FX charges – 0.2%
SIPP Fees
- GBP 54 quarterly Fee (paid in advance)
- GBP 200 for each Benefit Crystallisation
- GBP 150 Annual drawdown admin fees
What are the adviser fees?
Novia Global permits advisers to levy initial fees of up to 5% and ongoing fees up to 1.5%.
What is the fund range available?
Novia provides access to an extensive selection of funds, boasting over 7,000 options. This diverse range includes:
- Globally Listed Shares
- Discretionary Fund Managers (Model Portfolios)
- Mutual Funds
- ETFs
- Index Funds
- Structured products that are liquid
- Additionally, Novia offers a wide array of ESG funds
Moreover, Novia extends institutional rates to clients whenever feasible, ensuring the lowest possible fund fees. Funds are accessible in all major currencies comprising the most extensive offering.
What is the account minimum?
Account minimums are not enforced on Novia’s platform. However, since it operates exclusively through advisers, your adviser may have their own minimum investment value requirements.
Are there any exit penalties?
Novia operates as a fee-based platform and does not distribute any commissions. Consequently, there are no exit penalties associated with withdrawing your funds, whether from investments or from exiting the platform entirely.
Tax Neutrality?
Ireland’s tax-neutral status makes it an appealing location for investment platforms for several reasons:
- Tax Treaties: Ireland has an extensive network of double taxation treaties with numerous countries worldwide. These treaties help to prevent investors from being taxed twice on the same income, enhancing the attractiveness of Ireland as a location for investment platforms.
- Regulatory Environment: Ireland has a well-established regulatory framework overseen by the Central Bank of Ireland. This framework provides stability, transparency, and investor protection, which are essential for the operation of investment platforms.
- Access to EU Markets: As a member of the European Union, Ireland provides investment platforms with access to the EU’s single market. This access facilitates the distribution of investment products and services throughout the EU, increasing the potential customer base for investment platforms based in Ireland.
- Overall, Ireland’s tax-neutral status, coupled with its favorable regulatory environment and access to global markets, makes it an ideal location for investment platforms seeking to establish a presence in around the world.
Trustpilot Reviews – None
Google Reviews – None
Testimonials on Novia Global’s website: https://www.novia-global.com/media/1668/testimonials.pdf
SJB Global’s Review – We believe Novia Global are the leaders in the offshore investment platform space. Their back office support as second to none, their fees are very competitive and their product offering a sufficient enough to be a one stop shop for most international clients. They are one of our preferred choices.
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What does the obligation free call include?
We go through a fact-finding exercise so we can then provide a full financial planning report including a personalised retirement forecast with future projections and work out how on track you are.
Lastly, we will provide a recommendation on any areas where we feel you could improve.
Our regulations, Independence and Fees
Our process from start to finish
Area we help with including:
UK Pension Advice
Retirement Planning
Investment Planning
Tax Planning
US Expat Services
International Estate Planning
| Retirement Planning | UK Pension Advice |
| Investment Planning | US Expat Services |
| Tax Planning | International Estate Planning |
Note: Minimum managed assets for SJB Global is £100,000 or currency equivalent.