CFS unveils new managed accounts solution across platforms

As part of a tailored solution aimed at a wide variety of licensees and independent financial advisers, Colonial First State has launched a new managed account offering across its FirstWrap and FirstChoice platforms that features no brokerage fees for clients.

Under the new offering on FirstWrap, clients will not be charged brokerage for trading within their managed account. In addition, clients will not be charged any additional platform administration fees for accessing the new managed accounts.

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

Commenting on this new capability, Colonial First State General Manager, Product and Investments, Peter Chun said it will “answer a range of broad needs across the independent financial adviser network”.

Chun said that by combining Colonial’s scale and flexibility to offer solutions across its platforms, including tailored managed accounts for licensees, it was well positioned to better assist advisers to more efficiently manage their clients’ portfolios

This new managed accounts capability will be available on the FirstChoice platform later this year.
Peter Chun
Peter Chun

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