Licensee tailored portfolios
FirstChoice managed accounts
Licensee tailored portfolios are designed and approved by licensees – and available on FirstChoice at no extra cost to you or your clients.
FirstChoice managed accounts
Flexible
Licensees can choose from over 180 investment options to design and monitor portfolios that advisers can recommend to clients.
Cost effective
Portfolios implemented and administered by CFS – at no additional cost to you or your clients.
Efficient
The flexibility, convenience and transparency of a managed account combined with the simplicity and efficiency of FirstChoice.
How do licensee tailored portfolios work?
- · Builds licensee managed account portfolios
- · Monitors portfolios and recommends changes to CFS
- · Notifies advisers on performance and portfolio changes
- · Reviews, approves and implements portfolios
- · Regularly aligns clients to their desired weightings
- · Manages product disclosure regime
- · Designs advice strategy for client
- · Recommends appropriate managed account portfolio for client’s FirstChoice Wholesale Super or Pension account
- · Engages with client about their portfolio, usually without the admin burden of records of advice or transaction authorisations
What are the benefits of licensee tailored portfolios?
For clients
- A professionally constructed investment portfolio automatically rebalanced to their selected weightings and strategy
- Peace of mind, knowing their portfolio is always up to date
- They only pay the cost of the underlying investment options – no extra admin or implementation fees apply
- Comprehensive reporting via CFS’s secure portal and mobile app
- Less hassle and less paperwork when portfolio changes are made
For advisers
- Access to FirstChoice managed accounts with no extra platform or implementation costs
- Confidence that clients’ portfolios are always aligned to advice strategy
- Less time spent managing portfolio changes and reduced need to prepare lengthy RoAs
- CFS reviews and implements portfolio changes requested by the licensee, and executes rebalancing
- Reduced compliance burden on your business
Unleash in ways you never thought possible
Get in touch
For technical enquiries contact us
8:30am – 6pm AEST Monday to Friday.
Adviser use only
Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Avanteos Superannuation Trust ABN 38 876 896 681 and issuer of CFS Edge Super and Pension. AIL is also the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the Investor Directed Portfolio Service (IDPS) operator, administrator and custodian of the Avanteos Wrap Account Service and issuer of CFS Edge Investments. CFSIL is also the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.