Colonial First State (CFS) has signed up several dealer groups for its new platform, FirstWrap, which was launched in early June this year.
Meritum Financial Group and Australian Unity are among the first dealer groups to have added the platform to their approved list, CFS general manager distribution Paul Barrett said.
"The product is only a couple of weeks old so it's still early days, but we've had a number of approvals," Barrett said.
"We are still talking to a large number of dealer groups, both small and large groups."
FirstWrap is designed to cater for investors that seek a wider range of investment options than is currently available on the FirstChoice platform.
In addition to managed funds, FirstWrap offers direct share investment, custodial structure for beneficial ownership and tax management needs.
It requires minimal investments of $20,000 as opposed to the FirstChoice threshold of $5,000.
