CFS Edge expands managed accounts suite

Yasmine Raso

Senior Journalist, Financial Newswire

19 October 2023

Colonial First State (CFS) has added 25 new managed accounts to its Edge platform through partnerships with Atchison, Drummond and Russell Investments.

Of the 25 new products, 19 offer diversified strategies and six offer single-sector strategies across Australian shares, international shares, real assets, alternatives, long duration and floating rate.

There are four diversified portfolios and six single-sector portfolios from Atchison, nine diversified portfolios from Drummond and six diversified portfolios from Russell Investments.

“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,” CFS Group Executive – Distribution, Bryce Quirk, said.

“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.”

CFS also announced its new nesting capability of separately managed accounts (SMAs) on the platform, encourages a single portfolio management solution that streamlines and diversifies investments.

“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),” 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.

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