Geoff Catterall, Director, Stonewater
Wealth Management
6 RI firm, based in Tarleton Lancashire, providing financial advice
and wealth management for over 500 clients.
"We have chosen the Novia wrap for a number of reasons but
principally because of the fit with our chosen business model. We
have been evolving our proposition over recent years and have been
moving to the provision of fee-based advice rather than be reliant
on life company commission. The RDR will only accentuate that and
to be honest we believe advisers who don't progress their
businesses to transparent pricing and product independent advice
will be dead in the water.
"Novia provides us with a wrap that is already in line with RDR
- a great range of assets, fund rebates clearly identified and
adviser/client flexibility in setting fees. What they also offer is
model portfolio functionality and a choice of Discretionary
Managers to work with. We have chosen to work with Andrew McCarthy
and his team at Barmac. We've been using pre-defined portfolios for
a number of years and understand the time and resource to properly
manage them. However, we have decided that really our future rests
in being great financial advisers, regularly updating our clients
and their needs rather than being investment managers although we
certainly like to be consulted on portfolio content. The Novia wrap
can then hold any number of model portfolios and changes can be
made to all clients within them simultaneously.
"Our ethos is very clearly to build and preserve our client's
wealth and not to take them on a roller coaster ride. By using a DM
together with our own financial planning processes and a modern
efficient wrap, we can deliver quality advice and sound investment
performance."
For further information on Stonewater Wealth Management please
visit stonewater.ifa-web.co.uk
