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.”
