We are writing to notify you about a non-compulsory change to your Novus Black account.
All clients are being offered a chance to switch their accounts from a capped model to a profit-share model.
Currently, you are reimbursed at a capped amount per month, meaning the maximum monthly profit you can make is limited. Therefore, higher profits generated by Novus Black do not benefit you. Equally, Novus Black must cover operational costs (totalling 3%) before any profit is earned towards your capped amount. As such, when Novus Black makes less than 3%, you currently get paid nothing.
The above is why investors received no profit for February 2023, as Novus Black made 1.1%.
Since the start of March 2023, we have been working with some improved, more risk-averse strategies, which means we will aim to achieve between 6%-9% per month profit. The new approach means more security and sustainability, which is a positive thing that will ultimately benefit all clients of Novus Black.
The new plan would mean that all caps are removed, and no lower limit would be in place. The new model is based on a profit share structure as outlined below. Essentially, it will mean that if Novus Black makes a profit, then so do you, and on the months where Novus Black makes a very high profit, you will directly benefit and receive over your normal capped amount.
The New Profit Share Model
The new model is based on a 30% profit share, meaning all Novus Black clients will receive 30% of all profit made on their capital.
Benefits
1) Much higher probability of getting paid monthly profits.
2) Sustainable and offers a less stressful client experience (As soon as Novus Black makes a profit, you have the peace of mind of knowing that so do you).
3) Ability to earn more than capped amount – Some months, Novus Black may exceed 10% profit as we have done in the past; in these situations, clients who have switched could receive more than their current capped return.
4) Simple to understand structure.
5) The new plan will be locked in place for ten years (2033)
Summary
We are offering all clients a chance to switch their Novus Black account from a capped model to a profit-share structure.
This change is optional
Please watch this video explaining this change in further detail, more information will be provided on switching your account to the new model before the month’s end.
Watch 30% Profit Share Explainer Video
We are very aware that nobody likes change. However, we firmly believe this is in all client’s best interests and for the fund’s longevity.
Should you have any questions regarding any of the points in this update, please feel free to email us at info@novusblack.co.uk, or phone us on 020 8187 8287.
We would like to sincerely thank you for your ongoing support with Novus Black and look forward to a prosperous future.
