CFS back on top
Colonial First State's Colonial FirstChoice and Colonial FirstWrap are top of the pile when it comes to platforms, the Wealth Insights Service Level Report reveals.
The rankings, released exclusively to Money Management, are based on the ratings of more than 1,200 planners.
Having lost the mantle of best platform service offering in 2015 to Macquarie Wrap Manager, Colonial FirstWrap climbed back to number two spot, with Colonial FirstChoice leapfrogging into the top spot, having been ranked fourth in last year's report.
Macquarie Wrap Manager slipped to number four — behind stable mate, Macquarie Wrap Consolidator in third place, with AMP's North holding onto fifth place in the rankings.
Having reclaimed the top two spots in the best platform service offerings, in the annual Wealth Insights Service Level Report, Colonial First State retained its number one ranking as the best fund manager service offerings in 2016.
The report revealed that Vanguard edged Magellan out of second place, with Fidelity climbing to number four, while MLC and T. Rowe Price shared fifth spot, with last year's fourth ranked fund manager, Perpetual, slipping out of the top five.
Best Platform Service Offerings 2016
1) Colonial FirstChoice
2) Colonial FirstWrap
3) Macquarie Wrap Consolidator
4) Macquarie Wrap Manager
5) North
Best Fund Manager Service Offerings 2016
1) Colonial First State
2) Magellan
3) Vanguard
4) Fidelity
5) MLC
6) T. Rowe Price
AUTHOR
Nicholas O'Donoghue
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
