CFS announces one-off advice deal with Viridian

Colonial First State have made another key advice move, announcing that it has entered into an arrangement with Viridian Advisory allowing CFS FirstChoice superannuation, pension and investment members who do not have an adviser to access affordable, one-off, topic-based financial advice.

It said members who do not have an adviser are able to access professional advice from Viridian on specific topics such as personal investments, debt, superannuation, pensions, retirement planning and Centrelink.

CFS said the service has been created in response to the significant need for for affordable financial advice across its member base.

CFS FirstChoice customers who do not have an adviser will be able to access advice in modular blocks which start at $500, with any combination of blocks capped at $3,000.

It said Viridian Advisory was engaged given their scale, national reach and willingness to develop an affordable, one-off and topic-based financial advice offer for CFS customers.  CFS will consider expanding this approach with other licensees as demand for advice continues to grow among its members.