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CFS Edge adds 25 managed accounts from three leading providers

19 Oct 2023
From

Bryce Quirk

Colonial First State (CFS) has partnered with Atchison, Drummond and Russell Investments to expand the investment choice on CFS Edge with 25 new managed accounts.

Commenting on today’s announcement, CFS Group Executive – Distribution, Bryce Quirk, said: “We have a strong belief in the value of advice, and we view managed accounts as a key way we can provide an improved investment experience for advisers and their clients.

“Utilising best-of-breed portfolio management capability and investment strategies, managed accounts on CFS Edge are designed to deliver efficient portfolio implementation and transparency of investments in a cost-effective solution.”

In addition, CFS has launched nesting capability of separately managed accounts (SMAs) on CFS Edge. Mr Quirk explained that nesting simplifies and streamlines portfolio management, promotes diversification, transparency of underlying holdings while enabling the inclusion of multiple SMAs into a single portfolio management solution.

“Nested managed accounts are another key feature of CFS Edge, giving advisers and their clients the ability to hold a separately managed account (SMA) inside other portfolio types such as another SMA, Managed Discretionary Account (MDA), or Model Portfolio (MP),” Mr Quirk said.

“The breadth and depth of CFS Edge will give advisers the ability to blend simple low-cost solutions with the most sophisticated investment options in a single account, allowing them to service different client segments from a single platform,” he said.

“Advisers have told us that the needs of their clients are evolving, and we are responding at pace to those needs.”

CFS Edge is the first major wealth management platform with managed accounts at its core. The platform offers advanced modelling tools designed to support deeper analysis through greater customization and granularity in the comparisons and portfolio analysis that can be undertaken.

Built in collaboration with FNZ, a global leader in wealth management platforms, CFS Edge is the most contemporary wealth management platform in the market, bringing world-class technology and capability to the Australian financial advice sector and their clients.

The platform offers real-time two-way integration with financial planning software including Iress Xplan and AdviserLogic.

New managed accounts on CFS Edge

Atchison:

  • 4 Diversified portfolios: Active 55, 70, ETF 55 and 70
  • 6 Single sector portfolios: Australian shares, International shares, Real Assets Portfolio, Alternatives Portfolio, Long Duration Portfolio, Floating Rate Portfolio

Drummond:

  • 9 Diversified portfolios:
    • Direct 50, 70 and 90 Portfolio
    • Strategic 30, 50, 70, 90 and 100 Plus Portfolio
    • Dynamic Portfolio

Russell Investments Managed

  • 6 Diversified portfolios: Conservative, Diversified 50, Balanced, Growth, High Growth and Geared 120 Portfolios

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