Subscribe to our newsletter

CFS platform to offer new SMA

CFS platform to offer new SMA

Reporter
— 1 minute read

Colonial First State (CFS) will offer a new separately managed account (SMA), managed by Atrium Investment Management, following a tender process.

As part of the agreement with Atrium, CFS will deliver an SMA to a number of clients, including Fitzpatricks Private Wealth and the Moneywise Group.

Atrium chief executive Alex Hone said the SMA platform solution was made available on 1 September 2016.

Advertisement
Advertisement

CFS executive general manager Linda Elkins added that the business strategies of Atrium and CFS are closely aligned.

"Atrium’s decision to select CFS validates our strong strategic focus on supporting the non-aligned financial advice market," Ms Elkins said.

"It also supports our continued investment in our managed account capability, in which CFS already has more than $5 billion in funds under administration."

Fitzpatricks group managing director John McMurdo also noted: "As a private wealth business, we had strong demand from advisers to offer a high quality SMA solution via the CFS wrap platform. The selection of a quality group like CFS has been very well received by our advisers."

Read more:

Clean energy fund launched in Australia

New RBA deputy governor appointed

ASIC fines CommSec $700,000

Sunsuper adds to business development team

 

CFS platform to offer new SMA
investordaily image
ID logo

related articles

  • UK fintech launches in Aus

    UK neobank Revolut has rolled out its beta launch in Australia with around 20,000 consumers on the waitlist to try out the fintech. ...

  • Cashwerkz added to Agility Connect

    Cashwerkz has been integrated with Agility Applications’ Connect solution, making the investment platform now available to 175 financial s...

  • Fintech start-up completes $10m raise

    Australian payment start-up Verrency has closed a $10 million funding round, bringing total investment in the company to more than $20 milli...

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.