CFS back on top
Colonial First State's Colonial FirstChoice and Colonial FirstWrap are top of the pile when it comes to platforms, the Wealth Insights Service Level Report reveals.
The rankings, released exclusively to Money Management, are based on the ratings of more than 1,200 planners.
Having lost the mantle of best platform service offering in 2015 to Macquarie Wrap Manager, Colonial FirstWrap climbed back to number two spot, with Colonial FirstChoice leapfrogging into the top spot, having been ranked fourth in last year's report.
Macquarie Wrap Manager slipped to number four — behind stable mate, Macquarie Wrap Consolidator in third place, with AMP's North holding onto fifth place in the rankings.
Having reclaimed the top two spots in the best platform service offerings, in the annual Wealth Insights Service Level Report, Colonial First State retained its number one ranking as the best fund manager service offerings in 2016.
The report revealed that Vanguard edged Magellan out of second place, with Fidelity climbing to number four, while MLC and T. Rowe Price shared fifth spot, with last year's fourth ranked fund manager, Perpetual, slipping out of the top five.
Best Platform Service Offerings 2016
1) Colonial FirstChoice
2) Colonial FirstWrap
3) Macquarie Wrap Consolidator
4) Macquarie Wrap Manager
5) North
Best Fund Manager Service Offerings 2016
1) Colonial First State
2) Magellan
3) Vanguard
4) Fidelity
5) MLC
6) T. Rowe Price
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
