Your Novia Stocktrade account
The Novia wealth management service can provide clients and
their advisers with full access to the wide variety of equities
traded on the London Stock Exchange (LSE). This is through a
dedicated share dealing account which offers real-time trading both
online and over the phone.
We use our highly experienced and respected stockbroking
partner, Stocktrade, to provide this service as an integral part of
investing in the various product wrappers* we offer. Stocktrade is
the trading division of Brewin Dolphin Ltd, the largest independent
private client investment manager in the UK. For more information
please visit www.stocktrade.co.uk.
The ability to buy stock exchange traded investments allows you
and your adviser to build a balanced portfolio taking full
advantage of the wide range of investment types available.
Investment Trusts and Exchange Traded Funds (ETFs) trade on the LSE
and can provide an alternative to traditional funds such as unit
trusts. They can offer exposure to a broad variety of markets,
indices and sectors around the world and some may do so at a
considerably lower cost than other collective investments. You can
also buy and sell shares in London listed companies, both big and
small. For
more information on these investments please see the Investments
Guide, available here, or speak to your adviser to find out
whether they may be suitable for you.
You can only trade and hold equities and other stock exchange
traded products via a Novia Stocktrade account where we can source
a price via our data provider. Where a price cannot be sourced you
may be asked to sell the holding and we will contact you to inform
you of this as soon as possible.
* Equity trading permitted within General Investment
Account, Stocks and Shares ISA and SIPP product wrappers. Equity
trading not permitted within Offshore Bond.
Novia Stocktrade account - Literature
To help understand how the Novia Stocktrade Account operates and
the terms that will apply there are a number of documents you can
read.
Novia Stocktrade
Account Notes - is a brief introduction to some terms and tells
you how get started
Stocktrade
Service Guide - is a guide provided by Stocktrade explaining
how the share dealing account works
Stocktrade Terms
of Service - gives the terms under which the Stocktrade share
dealing service operates. You can also read the Novia Terms
& Conditions.
Novia Stocktrade account - Q&As
Q/ When can I open a Novia
Stocktrade account?
A/ To open a Novia
Stocktrade account and begin trading equities you must already hold
a product wrapper with the Novia service. If you have not opened a
product wrapper please speak to your adviser for more information
on how to do so. When you open a product wrapper through Novia you
may apply to open a Novia Stocktrade account.
Q/ How do I open a Novia
Stocktrade Account?
A/ Your adviser will be
able to help you set up a Novia Stocktrade account. When you first
decide to trade equities within a product wrapper and indicate this
on your application we will ask Stocktrade to set up an account for
you within that product wrapper. You will be sent a welcome letter
detailing your username and instructions on how to set up a
password. Once you have these details you will need to access to
your share dealing account through the Novia secure website (access
to our secure website is provided by your adviser). You may also
allow your adviser access to your share dealing account to deal on
your behalf.
Q/ Can I open a Novia
Stocktrade account in each product wrapper I hold?
A/ Novia Stocktrade
accounts are specific to each product wrapper you hold. If you wish
to trade equities in all of the product wrappers you hold you will
need a share dealing account within each one. However equities may
not be traded within the Offshore Bond.
Q/ How do I trade through a
Novia Stocktrade account?
A/ Once your Novia
Stocktrade account has been opened, we will transfer funds to it
from the Cash Facility of your product wrapper as you have
instructed. Once cleared funds have been received in the account
you may begin trading. You may deal in real-time throughout the LSE
trading day (typically 8am-4.30pm in a normal business day) either
online or by telephone.
You can login to your Novia Stocktrade account using the
username and password issued to you once you have accessed the
Novia secure website. Alternatively, once your account is
operational you may telephone Stocktrade direct using your unique
account details. More information on day to day use of your Novia
Stocktrade account can be found in the documents listed above.
Q/ What are the charges for
equity trading?
A/ A stockbroking
charge of 0.30% of the value of the trade is levied by Stocktrade
from your Novia Stocktrade account. This is subject to a minimum of
£15 and a maximum of £75. There is also a quarterly charge of £10
plus VAT levied from each Novia Stocktrade account that you hold.
You should be aware that stamp duty of 0.5% applies to all equities
you purchase.
Q/ Where can I find more
information on equity trading through a Novia Stocktrade
account?
A/ Your adviser will be
able to give you more information on the Novia Stocktrade account
and whether this may be suitable for you.
Important Information: If you are unsure about the suitability
of an investment or service you should contact an appropriate
financial adviser. The value of your investments and any income
from them may fall and you may not receive back the amount
invested. Past performance is not a guide to the future. The
investments and investment services referred to on this website may
not be suitable for all investors and if in doubt an investor
should seek advice from a qualified investment adviser. Novia does
not recommend any investment nor offer any advice. Mention or
inclusion of any investment on this page does not imply its
suitability or recommendation.
Interest Rate Payable on cash held within a Novia Stocktrade
Account
- Cash held within a Novia Stocktrade account attracts
interest paid by Stocktrade. Cash held will earn interest at a
tiered rate below the Bank of England Base Rate ("base"), accrued
on a daily basis. Details of the rates of interest are available
upon request from Stocktrade.
- Interest is applied half yearly in April and October
according to the terms & conditions of the
Stockbroker.
- Please see the Stocktrade website for further details of
interest paid on cash held within a Novia Stocktrade account at www.stocktrade.co.uk
