Financial Planners today have a plethora of choices when looking at which platform is most suitable for their clients and their own business needs. The platform should enable you to deliver a truly compelling client proposition at a reduced production cost as well as helping to mitigate the business risk. How can Novia help you to deliver this?
Novia offers an internal rate of return valuation that helps avoid the issue of money in and out masking portfolio performance over any timeline. There is also a CGT tool on the platform that allows planners to input original book costs (this is fundamental as we are seeing increasing amounts of re-registration through disturbance events).
The Novia system incorporates a tool that captures all trades including rebalancing, as well as an automated system for logging notional distributions avoiding the potential issue of paying tax twice on the same money. There is also an unrealised report for maximising the clients CGT allowance each year at client review.
The integrated cashflow modelling software can help to reduce the input time, making it a viable option for lower value clients where the fee, in sterling terms, cannot cover the cost of an independent tool. There is also a gross nominee facility which ensures all income is received gross for gross eligible investors.
When we have analysed books of business in many scenarios there are net investments held by investors entitled to gross which will be subject to the firms' tax reclaim process. A drawdown report which details all the required information for review again helps to significantly reduce your preparation time. The "which clients have not used their full Isa allowance" tool can also assist easy house-keeping.
The model portfolio report allows planners to see which client is in which model but, just as importantly, which client is not in a model. This important but often over looked function can help to avoid the issue of a client paying for a service they are not receiving, which is a hot button for the FCA.

Contact:
www.novia-financial.co.uk
0845 680 8000
@NoviaFinancial