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About Wealth Management

We bring together the Group’s fund management and distribution capability, as well as domestic insurance and financial advice business support divisions. This includes the well-known brands of Colonial First State, Colonial First State Global Asset Management, and CommInsure. As a team, we believe in strong investment performance, efficient administration and exemplary service.

With a strong culture of innovation, idea generation and continuous improvement, we believe that lots of little improvements can add up to big improvements in the way that we work as a team, and as a business.

Specialist areas


Starting out in 1873 as ‘The Colonial Mutual Life Assurance Society’ today, we help protect the lifestyles of over 3 million people with a wide range of insurance, superannuation and investment products.

We offer limited underwriting insurance through industry funds, corporates and master trusts to mass-market customers. Our tailored solutions provide group life, total and permanent disablement and income protection to over 2.5 million customers. We are responsible for providing underwriting related services to employer superannuation funds, policy administration, death and disability claims management for large industry fund claims, as well as smaller corporate claims. 

We provide niche superannuation, retirement and investment solutions, largely within a life insurance company structure.

Supporting CommInsure to achieve its business goals, we drive strategy, facilitate change and provide operational execution support.

We are responsible for manufacturing and distributing life insurance, total and permanent disablement and income protection products through independent financial advisers, Commonwealth Financial Planning and aligned dealer groups. We conduct assessments, process new business applications, service clients and pay claims. 

We manufacture and administer Consumer Credit Insurance products (Loan Protection and Credit Card Plus) that are distributed through Retail Banking Services and cross-sold with our home loans, personal loans and credit cards.. We also manufacture and sell simple life, injury and accident products directly to CommBank customers through telephone and online channels.  

Focusing on home and motor insurance for mass-market customers, we provide a simple, convenient service, both directly to customers, as well as through the CommBank branch network.

Colonial First State

As the ‘engine room’ of Colonial First State, we provide the best customer service experience through product administration and our contact centres.

We manage and drive the development of Colonial First State’s products and investment functions.

We are responsible for aligning and driving the strategic direction of Colonial First State.

Funding and Alliances (F&A) has three major responsibilities. Firstly, we arrange borrowing across a large range of geared share funds to provide leverage for investors. Secondly, F&A arranges and manages exclusive distribution arrangements with alliance partners from many countries across most asset classes. Thirdly, F&A is actively involved in advising the business on risk and product issues, such as balance sheet, liquidity and foreign exchange risk.

We deliver Colonial First State products to the retail market, via five specialist sales teams who manage our brand and distribute communications to advisers, investors, corporate superannuation members and our dealership network.

This is the operational core of Colonial First State and includes Managed Funds, Investment Operation, Statutory Reporting, Interfunding Management and Implementation Management.

We help dealer groups and their advisers to administer the wealth of thousands of Australians through the platform and portfolio administration services.

Colonial First State Global Asset Management

Colonial First State Global Asset Management / First State Investments has four key capabilities: Equities, Debt, Infrastructure and Property.

Wealth Management Advice

Offering expert advice on Australians' financial futures, we’re responsible for Commonwealth Financial Planning (CFP), BW Financial Advice and Financial Wisdom, and the related support groups. We also advise our corporate, business and agribusiness clients and their employees on how to create and protect their wealth through our Business Wealth Management services.

Roles in Wealth Management

See what some of our talented people have to say about their role within Wealth Management. Simply select a role you’re interested in to watch the video.

Featured roles

Our Colonial First State & Advice Marketers are focused on performance, service and innovation. They support some of the most dynamic brands within the Commonwealth Bank Group, and play a key role in their success - enabling customers to feel confident in their financial decisions and secure in their financial future, either directly, through independent advisers or through our aligned licensees.

Our expert Financial Planners are committed to securing and enhancing the financial wellbeing of people, businesses and communities. They take the time to listen to the specific needs, motivations and goals of each client, and them help them facilitate this. CommBank employs a whole range of Financial Planners with very diverse skills and experience - to match the very diverse needs of customers.

Awards and recognition

Core Data Awards

2013 Core Data Awards: Third place - Licensee of the Year

Commonwealth Financial Planning (CFP) rated third overall in the Licensee of the Year category and represents the most satisfied bank-based group. CFP also received five category awards for services provided to advisers, with a gold ranking for our paraplanning service.

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Wealth Insights Awards

2014 Wealth Insights Awards: Multiple awards

We received several awards at the 2014 Service Level Survey Awards, including: Winner Best Fund Manager, Winner Overall Customer Satisfaction, and Winner First Choice Ranked No.1 by advisers for Platform Benchmarking Overall Satisfaction and for Platform Service.

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CommInsure won the Platinum Award for Life Insurance Company of the Year at the Association of Financial Advisers / Plan For Life 2013 Awards. In addition, CommInsure was recognised as number one in the investment growth bond market by winning the Investment Growth Bond of the Year award. CommInsure was also a finalist in three other categories of Overall Annuity Provider of the Year, Long Term Income Stream Award and Trauma Award.

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