FirstWrap was launched in June and CFS is currently conducting a roadshow to attract interest in the product.
"The product is only a couple of weeks old so it's still early days, but we've had a number of approvals," CFS distribution general manager Paul Barrett said.
"We are still talking to a large number of dealer groups, both small and large groups."
FirstWrap is designed to cater for investors who seek a wider range of investment options than is currently available on the FirstChoice platform.
In addition to managed funds, FirstWrap offers direct share investment, custodial structure for beneficial ownership and tax management needs.
