SMAs added to FirstWrap platform
Colonial First State has launched a managed account offering to advisers through its FirstWrap Platform.
The addition of managed accounts to FirstWrap follows their inclusion on Colonial First State's FirstChoice platform in November 2017.
FirstWrap will offer direct equities separately managed accounts (SMAs) to advisers free of brokerage, combined with the ability to set client preferences at the account level.
Colonial First State general manager for distribution Peter Chun described the inclusion on FirstWrap as a "game-changer".
"Throughout 2018 we will continue our commitment to provide a broad range of solutions for advisers including a tailored managed account offer for licensees with investment capabilities or bespoke requirements," Mr Chun said.
"We have a rich history of providing quality products and service to advisers and are committed to expanding on this success."
Colonial First State has $7 billion in funds under administration held in managed accounts.
Lifespan hires national practice manager
Non-aligned advice licensee Lifespan Financial Planning has appointed a new nati...
Westpac names head of new business division
Westpac has appointed a new chief executive of its merged business division seve...
Shaw and Partners to acquire advice firm with $650m FUA
Wealth management firm Shaw and Partners has announced it will acquire a Western...