City Financial, an independent investment management firm with USD4 billion in group assets under management, has partnered with Novia Global to offer three risk‐rated model portfolios to international financial advisers.
The City Financial Cautious, Moderate and Adventurous model portfolios are managed by the firm’s multi‐asset team, led by veteran fund manager Mark Harris.
The portfolios are managed within pre‐determined risk limits that are independently verified by Distribution Technology, a risk profiling company.
The portfolios will be marketed by Global Wealth Management Solutions (GWMS), a financial product marketing firm focused on global intermediaries. GWMS also distributes the City Financial Wealth Fund to international advisers.
Harris says: “Partnering with Novia Global is an exciting development, allowing us to offer a complete investment solution for international intermediaries. Risk management is already at the heart of our investment process, and it is logical for us to offer risk‐targeted model portfolios alongside our existing multi‐asset fund range. We believe we can deliver attractive returns through our established approach to tactical asset allocation and differentiated fund selection.”
Dave Field (pictured), head of customer service at Novia Global, says: “We are thrilled to have extended the breadth of our DFM offering with the addition of independent asset manager City Financial to the Novia Global platform. City Financial’s reputation for investment excellence makes them an ideal addition, and takes the total number of DFMs available on Novia Global to nine.”
Kevin Bull, director of asset management clients at Distribution Technology, says: “Distribution Technology is pleased to be working with City Financial and their risk‐targeted portfolios. This is an area of growing interest to IFAs both in the UK and internationally.”
