CFS wraps get new managed account solutions

colonial first state FirstWrap funds

23 May 2017
| By Malavika |
image
image
expand image

Colonial First State (CFS) has announced new managed accounts capabilities across its FirstWrap and FirstChoice platforms, which will complement existing multi-manager and model portfolio offers.

The new release on FirstWrap includes no brokerage fees for clients trading within their managed account, and no additional platform fees for clients accessing the new managed accounts.

Advisers would also be able to set client preferences within their managed account portfolios to reflect individual investment preferences such as ethical beliefs or their personal trade restrictions.

CFS general manager, product and investments, Peter Chun said the managed account capability would cater to requirements across the independent financial adviser network, and a variety of licensees.

“Combining both our scale and flexibility to offer solutions across our platforms, including tailored managed accounts for licensees as well as assisting advisers to efficiently manage their client portfolios,” he said.

CFS currently administers more than $6 billion in managed account structures on its FirstWrap platform. Managed accounts solutions would be launched on FirstChoice later this year.

CFS' platform offerings and future plans will be discussed and debated in-depth at Money Management's Fintech Platforms & Wraps Conference, due to be held Wednesday 2 to Friday 4 August at the Gold Coast.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 2 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 3 hours ago