Novia launches cash deposit wrap range

Source: Novia

Novia, the UK's most sophisticated 'full wrap' wealth management platform provider has launched one of the largest range of cash options of any wrap provider.

The range has been launched to accommodate advisers and their clients who are looking for good cash returns whilst their funds are between investments.

Alongside a broad range of cash funds from major investment houses and an integral Cash Facility, the cash deposit offering provides:

  • Access to 7 cash deposit providers 
  • Highly respected institutions including banks rated excellent by S&P and Moodys and members of the Financial Services Compensation Scheme
  • Available for Gross and Net GIA, SIPP, Group SIPP and Offshore Bond
  • Very competitive interest rates: over 3% on some products
  • A wide range of fixed terms offering extensive flexibility
  • Security of being able to spread client money across several institutions

The new range follows a comprehensive review of providers of cash facilities and offers not only products with the best possible returns but also the most flexible features.

Bill Vasilieff, Chief Executive of Novia comments: "Having access to whole of market investments is core to Novia's proposition. We also believe that this needs to be supported by a comprehensive range of cash options - whether this is an immediate cash facility, short to medium term deposit options, with high interest rates including some over 3%, or cash funds. We also offer access to a number of other cash investments offering a wider range of return and maturity."

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