La Trobe Financial added to CFS’ platform
La Trobe Financial has announced that its 12 Month Term Account has been added to the Colonial First State’s (CFS) FirstWrap Plus Platform investment offering, which covers the investment, super and pension platforms.
According to the company, the inclusion onto the CFS platform would help boost access to its flagship offering for the existing advisers as well as it would open the account to new advisers.
La Trobe Financial’s chief investment officer, Chris Andrews, said: “We have taken this step on the back of significant demand from the financial adviser market as part of our commitment to delivering the highest levels of service and efficiency to advisers and investors across Australia”.
“Our 12 Month term account is one of our core retail offerings,” he said.
“Its capital-stable, fixed income profile is built on a highly diversified portfolio and over 65 years of manager experience.”
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.