Portfolio Service

Portfolio Service

CommSec Adviser Services and Colonial First State have come together to create a unique way to administer your clients’ portfolios. This innovative solution will provide a cost-effective administration service to help you manage custodial and directly held assets together all in one place.


Existing Portfolio Services offering

For assistance, please contact your BDM or CommSec Adviser Services on 1800 252 351.

Products

Cash

Cash

CommBank’s Accelerator Cash Account (ACA) is one of two mandatory products, along with a CommSec Adviser Services Trading Account, required to operate a Portfolio Service. As the central cash hub within Portfolio Service, the ACA is used to fund investments, pay fees and receive all income and distributions from the investment portfolio, while also serving as your client’s everyday banking account. Your client is the legal and beneficial owner of the ACA.

Trading

Trading

A CommSec Adviser Services Trading Account is the second mandatory product required, along with the ACA, to operate a Portfolio Service. Building on the DNA of CommSec’s market-leading trading platform and enhanced with features for advisers, Portfolio Service enables trading of listed securities on the ASX and Chi-X Australia. Adviser efficiency tools like ‘Multi-Stock’ and ‘Multi-Client’ trading help you save time through trading multiple stocks for a single client, or trading a single stock across many clients simultaneously. Help inform your clients with the support research from Morningstar and Goldman Sachs. You will also benefit from Portfolio Service’s share registry mail management service and online corporate actions tool, taking your practice efficiencies to new heights.

Optional Managed Investments Account consisting of:

Managed funds

Managed funds

Portfolio Service provides access to custodially held managed funds, as part of the Managed Investments Account (MIA), through Colonial First State. You and your clients can choose from a range of wholesale managed funds depending on your client’s specific risk profile and investment objectives. Before selecting the best-suited fund, make sure you consider the MIA IDPS Guide and the underlying funds’ Product Disclosure Statement and our comprehensive research issued by Morningstar.

Term deposits

Term deposits

Portfolio Service also offers a range of custodially held term deposits as part of the MIA. Portfolio Service has a number of providers offering term deposits of varying lengths depending on your client's risk profile and investment objectives.