A fund manager has brought in Colonial First State (CFS) as the platform provider for its new separately-managed account (SMA) solution, following a competitive tender process.
Atrium Investment Management chief executive Alex Hone said in a statement that his firm was delighted to be partnering with CFS to deliver an SMA to key clients, including Fitzpatricks Private Wealth and the Moneywise Group.
“Atrium is a rapidly expanding investment management business,” Mr Hone said. “In response to our clients’ demand we have an SMA platform solution available from 1 September to complement our investment offering.”
CFS executive general manager Linda Elkins said: “Atrium’s decision to select CFS validates our strong strategic focus on supporting the non-aligned financial [sector].
“We made it a priority during the tender process to show Atrium that their business strategy and ours were strongly aligned,” she said.
“It also supports our continued investment in our managed account capability, in which CFS already has more than $5 billion in funds under administration.”
The Joint Associations Working Group (JAWG) has put forward “core principles” to improve the pathways for new advisers ...
The FAAA says it has “reservations” about extending performance testing to retirement phase products beyond ...
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin