Atrium Investment Management has tapped Colonial First State as the platform provider to launch its new Separately Managed Account (SMA) solution.
Atrium CEO said that his company is delighted to be collaborating with CFS to offer an SMA to key customers like Fitzpatricks Private Wealth and the Moneywise Group.
He added: "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."
CFS executive general manager Linda Elkins said: “We made it a priority during the tender process to show Atrium that their business strategy and ours were strongly aligned.
“It also supports our continued investment in our managed account capability, in which CFS already has more than $5 billion in funds under administration.”
Established in 1988, Colonial First State provides investment, superannuation and retirement products to individuals and to corporate and superannuation fund investors. The firm manages more than AUD145bn under management.