Colonial First State (CFS) is set to boost FirstWrap's features after the platform's funds under advice (FUA) surpassed $1 billion, CFS general manager of distribution Marianne Perkovic said.
The Commonwealth Bank-owned wealth manager plans to introduce model portfolios and add functionality, including bulk trading.
"We're introducing a tool that will allow advisers to create model portfolios across all asset classes, including direct shares, to help them manage multiple client portfolios," Perkovic said.
"We'll also be including functionality such as bulk trading and automatic rebalancing to make things as easy as possible for advisers using FirstWrap."
She said the model portfolios were expected to available in early 2011.
Additionally, CFS has introduced several enhancements to FirstWrap to help advisers manage their self-managed superannuation fund (SMSF) clients.
"We're introducing self-service data feeds and editable descriptions for cash transactions," Perkovic said.
"Many of our advisers look after SMSF clients, so we're excited to be able to release this new functionality which will make it easier for advisers to service their clients."
FirstWrap has also recently improved its term deposit offerings.
Advisers can now select from terms of one month to five years, across four different term deposit providers, and with flexible payment and maturity date options, Perkovic said.
FirstWrap was launched in June 2009.
