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Introducing Managed Accounts on FirstWrap

Managed Accounts on FirstWrap offer a series of professionally managed portfolios designed to deliver transparent, engaging advice solutions.

Whether 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.

Trades within the portfolios are free from any brokerage fees, and the non-unitised structure allows your clients to maintain beneficial ownership, transparency and individual tax outcomes.

 

Customise your clients’ managed accounts to reflect their varying ethical preferences and tax needs, and hold them alongside other investment types, such as managed funds, direct shares and cash.

 

What does this mean for you? More time spent seeing clients, growing your business and developing strategies and less time on paperwork and routine administration.

 

Key features

  • Professionally managed portfolios across different investment styles to meet your clients’ objectives, ranging from Australian core, high conviction, socially responsible, concentrated small cap high yield and diversified portfolios.
  • Nil brokerage is charged to clients when trading within the managed account portfolios.
  • Advisers can set client preferences at an account level, allowing the benefit of a streamlined business model while retaining the ability to cater for different client requirements (e.g. ethical and social considerations, tax or other preferences).
  • In-specie transfer existing listed security and managed fund holdings on to the FirstWrap platform, and then transfer into a managed account portfolio. This may reduce time out of market, without the need to sell down to cash before transferring. The existing cost base is retained.

Disclaimer

This document 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 2 August 2017. 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 other investment 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). 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) before making any recommendations. Clients should read the PDS before making an investment decision and consider talking to a financial adviser. FirstChoice PDSs can be obtained from colonialfirststate.com.au or by calling 13 18 36.

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