FirstWrap was launched in June and CFS is currently conducting a roadshow to attract interest in the product.
"The product is only a couple of weeks old so it's still early days, but we've had a number of approvals," CFS distribution general manager Paul 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 who seek a wider range of investment options than is currently available on the FirstChoice platform.
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In addition to managed funds, FirstWrap offers direct share investment, custodial structure for beneficial ownership and tax management needs.
