Platforms Novia and Wealthtime have unified under a single group brand as Wealthtime as part of the final stage of a group-wide merger of the firms by their new owner, the private equity group Anacap.

The Wealthtime platform is to rebrand as Wealthtime Select, as part of the rebranding of Anacap’s platforms under the Wealthtime brand.

Private equity firm Anacap-owned platforms Novia and Wealthtime are to be combined under the Wealthtime brand in the second half of this year.

Bill Vasilieff, CEO of £9bn platform Novia, will exit in June following the takeover of the business by private equity firm AnaCap Financial Partners.