CFS launches new MA portfolios
Colonial First State (CFS) has partnered with Lonsec, Zenith and Morningstar to offer 23 new managed account specialist portfolios which will have no additional fees.
The new managed accounts specialist portfolios would be available via CFS’s FirstChoice Personal Super and Pension platform, which included:
- Lonsec Active (six risk profiles);
- Morningstar Core (six risk profiles);
- Morningstar Active (six risk profiles); and
- Zenith Active (five risk profiles).
Bryce Quirk, Colonial First State chief distribution officer, said: “Through our new arrangements we’re packaging up the best investment insights while at the same time helping clients save on fees paid for accessing the managed account structure and professional portfolio management, typically between 10 to 30 basis points per annum.
“Advisers also save valuable time and effort implementing and administering portfolio changes, allowing them to spend more time on working with clients to meet their goals.”
Recommended for you
Iress has announced it is strengthening its security settings after suffering an unauthorised access of its systems over the weekend.
Financial advice platform Otivo has made an experienced appointment from the US as its head of product strategy.
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
