Managed Accounts on FirstChoice leads the way in delivering the advice efficiencies of a managed account solution within Colonial First State FirstChoice Super & Pension products. What does this mean for you? More time to spend seeing clients, growing your business and developing strategies, and less time on administration.
How does it work?
Licensees construct Managed Account portfolios from over 100 investment options currently available on the FirstChoice menu. Once approved, it’s easy for you to recommend these portfolios based on your clients’ goals, objectives and capacity for risk.
Changes to portfolios automatically flow through to client accounts, which can reduce the need for ongoing advice documentation, such as ROAs1. It also means no client is left behind in an out-of-date portfolio.
Best of all, Managed Accounts on FirstChoice is delivered at no extra cost to you or your clients.
Roles and responsibilities
Builds and reviews portfolios
Colonial First State
Reviews and implements portfolio changes
Recommends and implements strategies with clients
BENEFITS OF MANAGED ACCOUNTS ON FIRSTCHOICE
For your business
- Takes the hassle out of portfolio administration
- Allows you to spend less time on portfolio management and client follow-ups
- Increases business efficiencies, and can reduce the need for ROAs and paperwork
- Helps you deliver consistent outcomes for your clients
For your clients
- Makes managing their portfolio easier
- Frees up time in adviser reviews for more valuable discussions
- Offers peace of mind with automatic portfolio update
THE RIGHT SUPPORT
1. Consult your AFS Licensee on the type of advice documentation you require.
Adviser use only
This page has been prepared by Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) based on its understanding of current regulatory requirements and laws as at August 2019. While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including Colonial First State or any member of the Commonwealth Bank group of companies, accepts responsibility for any loss suffered by any person arising from reliance on this information. Colonial First State is the issuer of interests in FirstChoice Personal Super, FirstChoice Wholesale Personal Super, FirstChoice Pension, FirstChoice Wholesale Pension, FirstChoice Employer Super offered from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. Colonial First State also issues interests in managed investment funds including those made available under FirstChoice Investments and FirstChoice Wholesale Investments, other than FirstRate Saver, FirstRate Term Deposits and FirstRate Investment Deposits which are products of the Commonwealth Bank of Australia ABN 48 123 123 124, AFS Licence 234945 (the Bank). Colonial First State is a wholly owned subsidiary of the Bank. The Bank and its subsidiaries do not guarantee the performance of Colonial First State’s products or the repayment of capital by Colonial First State. This document provides information for the adviser only and is not to be handed on to any investor. It does not take into account any person’s individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) before making any recommendations. Clients should read the PDS and FSG before making an investment decision and consider talking to a financial adviser. The PDS and FSG can be obtained from colonialfirststate.com.au or by calling 13 18 36.
The content displayed on this page is intended for financial advisers only