CFS managed accounts on FirstWrap offer a series of professionally managed portfolios designed to deliver transparent, engaging advice solutions. If you’re looking to invest with portfolio managers to deliver efficient advice solutions, or looking to reduce administration requirements, CFS managed accounts on FirstWrap may be the answer.

A whole or part portfolio solution – the choice is yours

You can offer your clients exposure to different asset classes and investment styles, from single sector Australian shares to a fully diversified portfolio. So it’s possible to match a wide range of clients' goals, objectives and risk profiles to a portfolio – or a combination of portfolios - that will match their investment needs.

Trades within the portfolios are free from any brokerage fees, and the non-unitised structure helps provide your clients with transparency of their underlying investments. You can also set client preferences at account level to reflect your client’s ethical, social, tax or income preferences.

What does this mean for you? More time spent seeing clients, growing your business and developing strategies and less time on paperwork and routine administration.

Key features

Professionally managed portfolios

Professionally managed portfolios across different investment styles to meet your clients' objectives, ranging from Australian core, high conviction, socially responsible, concentrated small cap, high yield and diversified portfolios.

Set client preferences

Advisers can set client preferences at an account level, allowing the benefit of a streamlined business model while retaining the ability to cater for different client requirements, such as ethical and social considerations, tax, income or other preferences.

In-specie transfer

In-specie transfer existing listed security and managed fund holdings on to the FirstWrap platform, and then transfer into a managed account portfolio. This may reduce time out of market, without the need to sell down to cash before transferring. The existing cost base is retained.

Nil brokerage

Nil brokerage is charged to clients when trading listed securities within the managed account portfolios.

Floating models

Floating models mean portfolio manager weightings move in line with the market and transactions are minimised.

Benefits of CFS Managed Accounts on FirstWrap

For your business

  • May reduce the need for ROAs* and mean less administration and portfolio management
  • Spend more time with clients providing valuable holistic financial advice and less time on administration and document generation
  • Risk can be reduced through quicker, more consistent implementation aligning the investor to a portfolio manager’s target weights
  • Investment rebalances and instructions by the portfolio manager can be quickly implemented without the need for client authority

For your clients

  • Access to professional portfolio managers
  • By holding a portfolio of underlying investments, your clients may benefit from a more personalised tax outcome when compared to a managed fund
  • Generally greater transparency and portability of investments than a traditional managed fund
  • Cost efficiency and value

 

*Seek your own professional advice regarding the requirement for issuing an ROA.

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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.

 

Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at  https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.