Provided in conjunction with Winterflood Business Services, the suite of ETFs will include funds listed on both the UK and European exchanges.
Trading is aggregated so that the cost is minimised by sharing the trading fees between those transacting that day.
The ETFs on the Novia Global platform are fully integrated into the wealth management service and will be available across relevant wrappers.
Charges
The trading charge for the service is taken from the cash account and set at five basis points per order for UK instruments (subject to a minimum of £5 per trade) and eight basis points per order for international instruments (subject to a minimum of £10, $14, or €12.50 per trade depending on the jurisdiction the ETF is listed in).
There will also be a settlement fee, which will vary according to jurisdiction.
Rising demand
Dave Field, head of customer service at Novia Global, said: “We have seen an enormous and rising demand for ETFs from both within our European jurisdictions and from further afield where ETFs are more commonplace than they are in the UK.
“This demand is driven not only by our international intermediaries looking to provide their clients and investors with the precision investment, granularity and traditionally low cost alternatives that ETFs can offer; but also from [discretionary fund managers] who are increasingly using these instruments in their model portfolio building for accurate asset allocation.”
“[This] can provide substantial time and cost efficiencies for both the intermediary and the DFM,” he said.
Alex Kerry, head of Winterflood Business Services said: “This partnership will enable more advisers to access cutting-edge technology, providing a broader range of investment options and asset classes to international clients.”
