CFS Launches New Advisory Initiative with Viridian

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Through this arrangement, CFS members have the opportunity to seek advice from Viridian Advisory on a variety of financial matters. Topics range from personal investments and debt management to superannuation, pensions, retirement planning, and navigating Centrelink. This service provides members a way to gain meaningful advice without needing a regular financial adviser.

Customers of CFS FirstChoice can benefit from this service by engaging in modular financial advice sessions. The initial cost for a single module starts at $500, with a combined total cap of $3000, allowing flexibility for clients to select and pay only for the advice they need.

The introduction of this modular advisory service addresses the growing demand for affordable financial guidance among the CFS member base. According to the organization, Viridian Advisory was selected due to their expansive reach, scalability, and enthusiasm to develop a targeted, cost-effective advising model for CFS members.

CFS is contemplating future expansions to this model by teaming up with additional licensees as the demand for advisory services rises. This partnership is one of many initiatives by CFS to ensure their members have diverse access to financial advice.

Beyond partnership with Viridian, CFS has previously collaborated with Otivo to offer self-guided digital financial advisory tools. They also provide the "Find an Adviser" tool to help members connect with the most suitable financial adviser available.

Historically, Viridian has been deeply rooted in professional partnerships and serves as a cornerstone client on the CFS Edge platform, marking a significant step forward in their cooperative efforts since their support of Westpac/BT.

Published:Tuesday, 5th Nov 2024
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Finance News

Clear

APRA Introduces New Cap on High Debt-to-Income Home Loans

11 May 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has implemented a significant policy change aimed at bolstering financial stability within the housing market. Effective from 1 February 2026, APRA has imposed a cap limiting banks to issuing no more than 20% of new home loans to borrowers with a debt-to-income (DTI) ratio of six times or higher. This measure is designed to curb the rise in high-risk lending practices and mitigate potential vulnerabilities in the financial system. - read more

Australian Banks Respond to RBA's Interest Rate Increase

11 May 2026: Paige Estritori

In response to the Reserve Bank of Australia's (RBA) recent decision to raise the official cash rate by 0.25 percentage points to 3.85%, Australia's major banks have announced corresponding increases in their home loan variable interest rates. This move marks the first cash rate hike in two years and reflects the central bank's efforts to address rising inflation and economic growth concerns. - read more

Finder Reveals Australia's Best Home Loans for 2026

11 May 2026: Paige Estritori

To assist Australians in navigating the complex home loan market, Finder has announced the winners of its Home Loans Awards for 2026. These awards highlight the top-performing mortgage products and lenders across 15 categories, providing valuable insights for prospective borrowers. - read more

APRA Implements New Cap on High Debt-to-Income Home Loans

03 May 2026: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at enhancing financial stability within the housing market. Effective from 1 February 2026, APRA will impose a cap limiting banks to issuing no more than 20% of new home loans to borrowers with a debt-to-income (DTI) ratio of six times or higher. This measure is designed to curb the rise in high-risk lending practices and mitigate potential vulnerabilities in the financial system. - read more

Australian Banks Respond to RBA's Interest Rate Increase

03 May 2026: Paige Estritori

In response to the Reserve Bank of Australia's (RBA) recent decision to raise the official cash rate by 0.25 percentage points to 3.85%, Australia's major banks have announced corresponding increases in their home loan variable interest rates. This move marks the first cash rate hike in two years and reflects the central bank's efforts to address rising inflation and economic growth concerns. - read more

Click for more Finance News