P1’s DFM proposition launched on the Novia platform

15/11/2016

P1 Investment Management (P1), the recently launched discretionary fund management (DFM) proposition for advisory firms, today announces it is now available on the independent wrap platform Novia.

The Novia platform offers financial advisers and their clients with an efficient and cost-effective solution for managing the DFM route. Advisers will now have access to P1’s nine core model investment portfolios, which span five risk levels and three primary objectives – income, capital growth and balanced. The cost of P1's Model Portfolio Service on Novia is just 0.25% with no VAT applied.

Benefits to P1 advisers on being on the Novia platform:

  • Retaining full control of your clients’ financial affairs
  • Access to nine portfolios spanning five risk levels
  • Choice of Income, Capital Growth and Balanced
  • Highly competitive pricing

 P1 is owned by a select number of participating advisory firms, including Prydis, and all are able to contribute to strategic decision making to ensure the platform and investment management services develop in line with the needs of advisers and their clients.

James Priday, Managing Director, P1 Investment Management, says:

“P1 was set up for the express benefit to allow financial advisers to access a quality discretionary fund management proposition, whilst retaining the trusted relationship they have built up with their clients.  Teaming up with Novia means we can broaden our reach to more advisory firms as we aim to increase efficiency, maintain low-costs and enhance the adviser-client relationship.”

Paul Boston, Sales Director at Novia added:  “We are thrilled be able to offer to our supporting Advisers access via the Novia platform to the recently launched core portfolios from P1.  With its unique ownership structure which enables Advisers to contribute to the strategic decision making of the business we believe P1 will further enhance adviser choice when selecting investment solutions for their clients.  Our figures show a continued rise in flows into model portfolios as advisers look to outsource this element of their client proposition. For the client to benefit from this professional management It is vital that the platform enables access to the first choice investment and doesn’t constrain where the manager is forced to substitute with their second best ideas.”