Novia launches electronic signatureless Junior ISA

novia-launches-electronic-signatureless-junior-isa
  • Author : Novia Financial
  • Date : 18 Jan 2021

Novia today announces the launch of its own new Junior ISA.  From today the e-fillable JISA forms will be available in readiness for JISA go live on 1st February. The Novia Junior Stocks and Shares ISA can be applied for by existing Novia Investors on behalf of an Eligible Child for whom they have parental responsibility.

The Novia Junior ISA is an investment (or stocks and shares) Junior ISA (JISA) and is available for the child of existing Novia Investors.   Fully integrated into the Novia platform, both the end investor and adviser can access valuations and holdings and can track the progress online and ad hoc top ups will be available.  The application form can be completed electronically and submitted without a signature through Adviser Zone Secure Email. However, transfers from existing JISA or Child Trust Funds may require a wet signature.

Bill Vasilieff, CEO at Novia said: “With tax efficient methods of saving at the forefront of financial planning, this simple investment vehicle offers a useful tool to provide for a future nest egg for children.  With an extensive selection of underlying investment instruments available and the fact that it is possible to set this up without needing a wet signature we believe the Novia JISA will provide Advisers and their clients with an ideal solution when planning for their children’s future”.

 

About the Novia JISA

  • Minimum monthly payment of just £50pa or single investment / transfer of just £1,200
  • Investments that can be held in the JISA include: Authorised OEICS, Unit Trusts, Equities, Investment Trusts, ETF, Alternative Investments, Luxemburg and Dublin registered funds as well as structured products. Direct holdings with Stocktrade are not permitted.
  • The Novia JISA can be linked to DFM and Adviser models
  • Investors can stop, raise or lower payments whenever they like
  • The annual JISA investment limit is £9000

 

Further information on the Novia JISA including how to apply can be found via the Novia website

 

For further information please contact:
Pippa Russell
Head of Corporate Communications
Novia
07740 933 120

Notes to editors:

Novia Financial plc launched to market in October 2008 to provide a comprehensive wealth management service or ‘full wrap platform’ for investment Advisers and their clients and now has approximately £7bn worth of assets under administration. Novia provides a transparent pricing structure as well as access to a wide range of product wrappers, an all-encompassing suite of portfolio management tools, and access to an extensive range of investments including direct equities, traditional authorised funds both onshore and offshore, exchange traded products such as ETFs and ETCs, Structured Products and an integral Cash Facility.

The core operating system is provided by Australian-based GBST that has been developing software solutions for fund administration and financial services since 1996, and for wrap solutions since 1999. GBST include more than 60 of the world’s leading banks, stockbrokers and fund managers on its systems. The comprehensive suite of portfolio management tools is powered by Financial Express that also provides the data for the platform.

The Novia team, based in Bath, is led by Bill Vasilieff – joint cofounder of Selestia. Novia, as an independent proposition, has substantial financial backing from a combination of private individuals and corporate organisations. The board is chaired by David Royds.  Other members include John Beaumont, non executive, who has held a number of non-executive roles in major public organisations and several technology start ups, Bill Vasilieff, Novia’s CEO, and Paul Parry, Novia’s CFO. Novia Financial plc is authorised and regulated by the Financial Conduct Authority (Reg. No. 481600).

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