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Avanteos Investments Limited


Avanteos Investments Limited (AIL) has been helping Australian investors to manage and build their wealth since 1988. 

Having launched the highly successful FirstWrap platform in 2009, AIL was the responsible entity in charge of the delivery and administration of FirstWrap IDPS accounts and the Trustee of the FirstWrap superannuation and pension accounts. 

Today, AIL manages more than $110.7 billion* on behalf of members as the trustee for Colonial First State (CFS) super and pension products, which comprises FirstChoice and FirstWrap. 

CFS, which includes AIL and Colonial First State Investments Limited (CFSIL), has close to 1 million members who choose CFS for their super, investments or retirement savings and is one of Australia’s largest private payer of pension benefits.

CFS’s passion for high performance, service and innovation has made it one of the most consistently awarded platform providers in the country.

Most recently Money Magazine’s best of the best 2022 awards saw FirstChoice Wholesale Personal Super win the ‘Highest Super Performer’ category and Finder voted Colonial First State Investments Limited the winner of their ‘Best Rated Brand – Retail Super Fund 2020/2021.’

  • AIL is the trustee company that manages CFS super funds. These include FirstChoice super and pension products and CFS wrap super and pension products. 

    Established in 1988, AIL was previously the operator, administrator and custodian (IDPS operator) for CFS wrap IDPS products, including FirstWrap.

  • Yes, AIL is a subsidiary of Superannuation and Investments HoldCo Pty Limited which is known as Colonial First State, one of Australia’s leading wealth management groups.

  • AIL is a wholly owned subsidiary of CFS which is majority owned (55%) by an affiliate of Kohlberg Kravis Roberts & Co. L.P. (KKR), with the Commonwealth Bank of Australia holding a significant minority interest (45%).

    KKR is a leading American global investment firm with over four decades of experience investing across a number of strategies and assets classes – such as private equity, real estate, energy, infrastructure and credit – in addition to capital markets activities.

  • Member super funds invested with CFS are held in a trust structure. This means the super trustee (AIL) holds the assets of the super fund in trust for members and other beneficiaries of the fund.

    Some of the most important duties of a trustee are to:

    • act in the best financial interest of members
    • act honestly and fairly
    • invest trust funds responsibly (exercising due diligence, care and skill)
    • act impartially toward beneficiaries and different classes of beneficiaries.
       

    A super trustee must comply with extensive regulatory requirements, and is subject to significant government regulatory supervision and oversight.

  • Member funds invested with CFS (including AIL) are held in a trust structure and strictly regulated to protect members’ interests.

    CFS superannuation funds comply with all relevant Australian laws and regulations, including the Superannuation Industry (Supervision) Act and the Corporations Act and are regulated by both the Australian Prudential Regulation Authority (APRA) and Australian Securities and Investment Commission (ASIC).

* Funds under administration (FUA) for AIL after the transition is based on FUA held by AIL and CFSIL in January 2022. 

Disclaimer

Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Avanteos Superannuation Trust ABN 38 876 896 681 which includes FirstWrap Plus Super and Pension, and is the operator of The Avanteos Wrap Account Service which includes FirstWrap Plus Investments. Colonial First State (CFS) is Superannuation and Investments HoldCo Pty Limited ABN 64 644 660 882 and its subsidiaries which include CFSIL and AIL. The investment performance and the repayment of capital of CFSIL and AIL products is not guaranteed.