Atrium Investment Management has selected Colonial First State as the platform provider for its new Separately Managed Account (SMA) offer, after a competitive tender process.
Atrium CEO Alex Hone said his firm was delighted to partner with Colonial First State (CFS) to deliver an SMA offer to key clients, including Fitzpatricks Private Wealth and the Moneywise Group.
“Atrium is a rapidly expanding investment management business; in response to our clients’ demand we have an SMA platform solution available from 1 September to complement our investment offering,” Mr Hone said.
CFS Executive General Manager Linda Elkins said she was proud that Atrium had selected CFS as its platform partner for the SMA.
“We made it a priority during the tender process to show Atrium that their business strategy and ours were strongly 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,” she said.
Group Managing Director of Fitzpatricks John McMurdo said: “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.”
