Colonial First State drops Avanteos brand
Colonial First State Group is dropping its Avanteos Investments brand after six years, renaming it Colonial First State Custom Solutions. Colonial took over Avanteos in March 2003.
As part of the rebrand it has changed the name of its Avanteos platform to FirstWrap platform. The platform will continue to be operated by Avanteos. It will be available from June 8.
The FirstWrap platform has access to over 250 managed funds and Australian Securities Exchange listed securities, fixed interest and other unlisted investments, and provides web-based portfolio management tools for advisers.
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
