FirstChoice Wholesale: Australia’s number one platform for managed funds now costs even less
From June 2019, you’ll see a range of improvements and fee reductions for FirstChoice Wholesale.
This year, we’re more determined than ever to give you market-leading platforms that make it easy for you to do business.
We’ve been listening and we’ve heard your feedback to push fees on FirstChoice Wholesale, FirstWrap Plus and FirstChoice Employer Super even lower.
We’re pleased to announce a range of changes and reductions to fees on FirstChoice Wholesale, FirstWrap Plus and FirstChoice Employer Super that will lower the cost of investing for clients even further.
The changes we’re making will see over 500,000 clients benefit from lower costs and are an important step in delivering even better super, retirement and investment outcomes to clients.
But we aren’t stopping there. We are also adding new features and options to our platforms which include:
From June 2019, we’re reducing our Tiered Administration fee rates by 30% across all FirstWrap Plus account balances. Building tailored investment portfolios from a diverse range of asset classes and investment managers on FirstWrap Plus has never been more affordable.
Adviser Use Only
# Including the removal of the Regulatory reform levy. Member savings are quoted on a gross of tax basis and do not consider the tax impact for individual members and investors.
This document has been prepared by Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State). It is based on its understanding of current regulatory requirements and laws as at 18 April 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 client of the Commonwealth Bank group of companies (the Bank), 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 and FirstChoice Employer Super 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. 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.
Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (Avanteos) is the issuer of the FirstWrap super and pension products from the Avanteos Superannuation Trust ABN 38 876 896 681. Avanteos also issues interests and operates investments under FirstWrap. Colonial First State and Avanteos are a wholly owned subsidiary of the Bank.
The Bank and its subsidiaries do not guarantee the performance of FirstChoice products or FirstWrap products or the repayment of capital from any investments.
This document contains general information strictly 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) or Investor Directed Portfolio Service Guide (IDPS Guide) before making any recommendations. Investors should read the relevant PDS or IDPS Guide before making an investment decision and consider talking to a financial adviser. Investors can obtain FirstChoice PDSs from colonialfirststate.com.au or by calling 13 13 36 and FirstWrap PDSs and IDPSs from their adviser or firstwrap.com.au.