CFS - Managed Accounts on FirstChoice

Colonial First State

Colonial First State (CFS) has launched Managed Accounts on FirstChoice, the first in a series of managed accounts solutions from CFS that attract no additional fees to advisers or clients.

According to CFS, under the new offering, licensees can choose from over 100 investment options available on the FirstChoice menu to construct their managed accounts portfolios. Advisers can then recommend these portfolios based on client goals, objectives and capacity for risk.

In addition, the firm said that any changes made to investments automatically flow through to client accounts, which can reduce the need for ongoing advice documentation.

Commenting on the launch, CFS general manager, distribution, Peter Chun, said: "We've delivered a scalable portfolio management solution, allowing the flexibility and control to effectively manage client portfolios without the need to shift advisers' investment value proposition."