Why they can work for you
Combine simplicity and scalability with a level of control and flexibility usually only available from a direct investment.
Efficient, scalable and flexible, they are steadily growing in popularity. According to industry researcher Investment Trends, around a quarter of advisers currently recommend them, with another 20% considering using them in future.1
And those who use them say they have brought tangible benefits to their business and their clients. 75% of advisers who recommend them say they now spend less time on administration and compliance, while 60% agree that their practices have become more profitable.1
So what are they, and how do they work?
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.
Managed Accounts on FirstWrap offer a series of professionally managed portfolios designed to deliver transparent, engaging advice solutions. If you’re looking to invest with leading portfolio managers to deliver efficient advice solutions, or looking to reduce direct share administration requirements, Managed Accounts on FirstWrap may be the answer.
Colonial First State offers a variety of tailored managed account solutions for licensees who prefer to build their own bespoke portfolios, or have tailored requirements. We’ll work with you to create a solution that meets your precise requirements, offering RMIS structures overseen by a choice of RE options, or an MDA structure under your own AFSL.
At Colonial First State, we know that evolving technology and fast-paced reforms are having a big impact on your business. Back-office paperwork, administration, tax changes and managing all your client’s portfolios mean you demand more from your time.
Is there a way to reduce the complexity?
Introducing Managed Accounts on FirstChoice; an efficient on-platform solution developed to help you reduce the risk, complexity and cost of doing business.
How does it work?
Licensees construct Managed Account portfolios from over 100 investment options on the FirstChoice menu. Once approved, it’s easy for advisers to recommend these portfolios based on client goals, objectives and risk tolerance. Changes to portfolios automatically flow through to client accounts, which can reduce the need for ongoing advice documentation. 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.
Spend more time having quality advice conversations, and less time on administration. Contact us to learn how Managed Accounts on FirstChoice can support your business.
At Colonial First State, we know that managing share portfolios for large numbers of clients can mean you’re faced with a mountain of paperwork. It’s hard to achieve scalability and find space to grow your business. And if you are currently using managed funds and want to introduce shares as an alternative solution to your clients, the admin burden can seem overwhelming.
Managed Accounts on FirstWrap are a series of portfolios designed to take the pressure off the admin associated with managing share exposure. Portfolios are constructed by leading portfolio managers, and provide clients with beneficial ownership of underlying investments, transparency and individual tax outcomes. You can also customise your clients’ managed accounts to reflect their individual preferences and tax needs, and hold them alongside other investments, such as managed funds, listed securities and cash. Importantly, your clients will incur no brokerage costs for trades within their managed account portfolios.
Spend more time having quality advice conversations with clients and growing your business, and less time on administration. Contact us to learn how Managed Accounts on FirstWrap can support your business.
1. Investment Trends, April 2017 Planner Direct Equities & Managed Accounts Report.
Adviser use only
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 is the issuer of the FirstChoice range of super and pension products from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. Colonial First State also issues interests in products 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 FirstChoice products or the repayment of capital for your investment.This information has been prepared by Colonial First State Custom Solutions, which is the registered business name of Avanteos Investments Limited ABN 20 096 259 979, AFS Licence 245531 (AIL). AIL is the operator of a number of investor directed portfolio services (IDPS’), is the trustee of a number of superannuation funds, and provides custodian and/or administration services in relation to superannuation, IDPS, IDPS-Like and managed discretionary account (MDA) products. AIL provides platform administration services and reporting services. AIL is owned ultimately by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank). The Bank and its subsidiaries do not guarantee performance of AIL products or the repayment of capital by AIL.
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 AIL, nor any related parties, their employees or directors, accepts responsibility for any loss suffered by any person arising from reliance on this information. This document contains general information for adviser use only and is not to be handed to any investor. It does not take into account any person’s individual objectives, financial situation, needs or taxation circumstances. You should read the relevant Product Disclosure Statement (PDS) (FirstChoice and FirstWrap) or Investor Directed Portfolio Service Guide (IDPS Guide) (FirstWrap only) before making any recommendations. Clients should read the relevant PDS or IDPS Guide before making an investment decision and consider talking to a financial adviser. Clients can obtain FirstChoice PDSs from colonialfirststate.com.au or by calling 13 13 36 and FirstWrap PDSs and IDPSs from their adviser. This document cannot be used or copied in whole or part without our express written consent.
Taxation considerations are general and based on present taxation laws and may be subject to change. AIL is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and investors should seek tax advice from a registered tax agent or a registered tax (financial) adviser if they intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
© Avanteos Investments Limited 2017.