Share Dealing
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.
* 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 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
