CFS’ FirstChoice hits $80b FUM

Colonial First State’s (CFS’) FirstChoice has announced it has hit $80 billion in funds under management (FUM) in its 15th year of running the platform.

CFS also announced its investment team now manages $40 billion of multi-manager and life stage portfolios across superannuation, pensions, and investments.

The firm also pointed to Roy Morgan Research’s ‘Superannuation Satisfaction Survey’, which measures the level of satisfaction Australians have with the financial performance of their super funds. The latest survey for the six months to March 2017 showed CFS had moved up third position in overall rankings of retail and industry super funds.

It ranked first in customer satisfaction levels in the retail sector.

Related Content

New client book website launched

A website has been launched for financial planners, accountants, brokers, and other financial professionals looking to sell their client books.Former ...more

Thorn Group’s CEO leaves

Australia’s financial service provider Thorn Group has announced the departure of the company’s managing director and chief executive, James Marsh...more

New boutique manager launches small-cap fund

Newly established Australian boutique fund manager, Lennox Capital Partners has launched its small-cap strategy, the Lennox Australian Small Companies...more



Add new comment