Novia transforms into 'Wealthtime' in group-wide rebrand
Private-equity backed platform Novia has now become Wealthtime in the final stage of its rebrand.
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Private-equity backed platform Novia has now become Wealthtime in the final stage of its rebrand.
Novia Financial has seen a drop in its assets under administration (AU) despite growing its customer base. The adviser-focused platform business reported that its AUA reduced by 2.4% to £8,7bn in 2022. It put down the reduction to a “challenging year for investors, following global market volatility”.
Private equity-backed platform Novia Financial has recorded revenue of £36m, up by 25.7% from the year prior, its 2022 financial results show.
Anacap-owned platforms Novia and Wealthtime are nearer towards rebranding under the Wealthtime group name.
Novia Financial is backing the launch of a free sustainability framework for advisers as part of a new partnership with compliance firm ESG Accord.