- New offering combines low cost SMAs with sophisticated investment options in one account
- Zero admin fees together with low investment fees deliver ultra-competitive SMAs
- No delayed investment rebates mean client funds are always invested and cash statements are free of confusing rebate arrangements
- Reduces the cost of investing without the compromise of a restricted menu
Thursday 14 December 2023: Colonial First State (CFS) continues to expand the range of investment options available on CFS Edge with the launch of the CFS Edge Accelerate Series.
Harnessing CFS’ asset management scale, the Accelerate Series combines reduced investment fees with discounted administration fees to deliver highly competitive Separately Managed Account (SMA) solutions.
The Accelerate 100 Series provides a 100 per cent admin fee discount when the SMA is comprised of all Accelerate Funds offered through CFS Edge, while the Accelerate 30 Series provides a 30 per cent admin fee discount.
Zero menu restrictions outside of the Accelerate Series allow advisers to combine low-cost SMA solutions from leading model managers Lonsec and Morningstar, with more to be added in 2024. Domestic and international direct shares, foreign currency, over 550 funds, and term deposits are all available in a single client account.
Advisers can also build their own tailored SMAs using an extensive range of high calibre Accelerate Funds, alongside the broader investment menu to create a unique investment proposition, while still benefitting from reduced investment costs and discounted platform admin fees.
The new offering has been designed in response to feedback from advisers, helping them meet Best Interest Duty obligations through low-cost and flexible solutions.
“The Accelerate Series delivers a full-service managed account solution suitable for a wide range of clients, from accumulators to high-net-worth individuals, said Bryce Quirk, CFS Group Executive, Distribution.
“Advisers can blend low-cost solutions with sophisticated investment options in a single account, allowing them to service different client segments from a single platform,” said Mr Quirk.
The Accelerate Series removes delayed investment rebates with client funds always invested and cash statements free of confusing rebate arrangements.
CFS Edge users will have access to international equities across 15 stock exchanges, including the New York Stock Exchange and the NASDAQ, as well as 10 currencies including US dollars, Euros and Pounds Sterling *
Customers can hold multiple currency wallets to meet their needs, preventing the need to cross back to Australian Dollars to trade in foreign markets.
Built in collaboration with FNZ, a global leader in wealth management platforms, CFS Edge is the most contemporary wealth management platform in the market, bringing world-class technology and capability to the Australian financial advice sector and their clients.
The platform offers real-time two-way integration with financial planning software including Iress Xplan and AdviserLogic.
Steven Reilly, Director External Communications, Colonial First State