Colonial First State Asset Management (Australia) Limited is a large advisory firm based in Barangaroo, Nsw. It manages $74.44 billion of regulatory assets for 161 client accounts. It has been registered with the SEC as an adviser since 2006.
Colonial First State Asset Management (Australia) Limited provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Colonial First State Asset Management (Australia) Limited is $74.44 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 32% since the beginning of its operation, and $72.5 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Colonial First State Asset Management (Australia) Limited for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Annabel Fitzgerald Spring is pooled investment vehicles with 64 clients and $29.83 billion of assets under management. Among the 8 most similar advisory firms, Colonial First State Asset Management (Australia) Limited has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $74.08 billion for 159 clients. 94% of the firm’s clients are foreign persons or businesses.
Colonial First State Asset Management (Australia) Limited also advises several private funds.
The company employs 272 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Annabel Fitzgerald Spring has been acting as President since 1 Oct 2011. David Geoffrey Dixon has served as the Chief Investment Officer since 1 May 2005 and Mark John Lazberger is the Chief Executive Officer of Colonial First State Asset Management (Australia) Limited family office. Harry Patrick Moore joined the executive team most recently as the Director.
The principal office where Colonial First State Asset Management (Australia) Limited performs its advisory services is located at Level 5, Tower 3, International Towers, Barangaroo, Nsw, 2000, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 61 2 9303 4155. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at cfsgam.com.au and its LinkedIn profile.