Bill Vasilieff: The Founder of Novia Financial

Bill Vasilieff’s Career and Influence

Early Career and Selestia

Bill Vasilieff, an actuary by profession, started his career in the finance industry in the UK in the early 1980s. He worked at Skandia, a life insurance company, and later moved to marketing, where he was responsible for the development of the Cofunds platform. In 2001, he joined the private equity firm Anacap and became CEO of Selestia, a platform that offered advisers access to a range of investment products.

Novia and Wealth Management

In 2008, Vasilieff founded Novia Financial, a wealth management platform that aimed to consolidate adviser platforms. Novia grew rapidly, and in 2014, Old Mutual Wealth acquired a 3.5% stake in the company. Vasilieff remained CEO of Novia until 2019, when he stepped down to become chairman of the company.

Innovation and Industry Influence

Vasilieff was known as an innovator and pioneer in the financial services sector. He was passionate about using technology to improve the wealth management industry and was instrumental in the development of Novia’s adviser platform, which was designed to make it easier for advisers to manage their clients’ investments. He was also a vocal advocate for consolidation in the industry, arguing that it would lead to better outcomes for advisers and their clients.

Vasilieff’s work ethic and commitment to innovation earned him a reputation as an industry legend. He was widely respected for his contributions to the wealth management industry and was known for his willingness to share his knowledge and experience with others.

In November 2023, Vasilieff passed away suddenly at the age of 68. His death was met with an outpouring of tributes from across the industry, with many describing him as a true innovator and pioneer who had made a significant impact on the financial services sector.

Vasilieff’s legacy lives on through Novia Global, the international arm of Novia Financial, and Söderberg & Partners, the wealth management firm that acquired a majority stake in Novia Global in 2020. His influence can also be seen in the continued consolidation of the wealth management industry, as firms seek to improve efficiency and better serve their clients.

Personal Life and Legacy

Family and Retirement

Bill Vasilieff was a family man who cherished his wife and children. He retired from his role as Chief Executive of Novia Financial in 2021, after building the company from scratch. He expressed his desire to spend more time with his family and pursue other interests after stepping down from his position.

Support for Bath Rugby

Bill Vasilieff was a passionate supporter of Bath Rugby and was involved in supporting Bath Rugby Foundation, which is the charitable arm of the club. He was a regular attendee at Bath Rugby matches and was known for his unwavering support for the team.

Death and Legacy

Bill Vasilieff passed away on November 19, 2023, at the age of 68. His sudden death was a shock to the financial industry and his family. He was remembered as a pioneer in the platform industry and a kind-hearted individual who was always willing to help others. A memorial service was held in his honor, which was attended by his family, friends, and colleagues.

Bill Vasilieff’s legacy lives on through his contributions to the financial industry, his support for Bath Rugby, and his dedication to his family. He will be remembered as an industry legend and a kind-hearted individual who touched the lives of many.