Debt Consolidation Australia

... where your financial freedom begins!

Knowledgebase

Mortgagor:
A person who offers to assign an asset as security (e.g. real estate) under a mortgage loan contract. The lender (mortgagee) holds the legal ownership of the security until the loan is repaid and the mortgage is discharged.

Debt Consolidation Australia :: News

Share this news item!

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.

Colonial First State (CFS) is reshaping personal finance support by engaging with Viridian Advisory.

This initiative aims to aid FirstChoice superannuation, pension, and investment members seeking guidance without ongoing financial advisement.

The collaboration brings a novel approach to receive one-time, topic-focused advice tailored to individual needs.

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
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

CBA's Q1 2025 Profit: A Delicate Balance Between Growth and Margin Pressures

18 Nov 2025: Paige Estritori

Commonwealth Bank of Australia (CBA), the nation's largest bank by market value, has reported a modest increase in its first-quarter cash profit for 2025. This uptick is primarily attributed to robust growth in home loans and household deposits. The unaudited cash profit stands at approximately A$2.6 billion, marking a 1% rise from the previous two-quarter average and a 2% increase compared to the same period last year. - read more

Major Banks Rethink Mortgage Strategies Amid Profit Margin Squeeze

18 Nov 2025: Paige Estritori

Australia's leading banks-Commonwealth Bank of Australia (CBA), Westpac, National Australia Bank (NAB), and ANZ-are actively reducing their dependence on mortgage brokers. This strategic shift aims to bolster profit margins that have been under pressure due to lower interest rates, rising operational costs, and intense market competition. - read more

Renewed Optimism: Australian Consumer Confidence on the Rise

18 Nov 2025: Paige Estritori

In November 2025, Australian consumer sentiment has turned optimistic for the first time since early 2022, marking a significant shift in public economic perception. The Westpac-Melbourne Institute survey indicates a 12.8% increase in the consumer sentiment index, reaching 103.8. A reading above 100 suggests that more consumers are optimistic than pessimistic. - read more

LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year

10 Nov 2025: Paige Estritori

Loan Market Group's (LMG) Asset Finance Exchange (AFX) has achieved approximately $80 million in settlements within its inaugural year, underscoring the robust growth of Australia's asset finance market. The platform connects mortgage brokers with asset finance specialists, facilitating streamlined access to asset finance solutions. - read more

NAB's $4.6 Billion Profit Amidst Australia's Housing Crisis

10 Nov 2025: Paige Estritori

National Australia Bank (NAB) has reported a cash profit of A$7.09 billion (US$4.6 billion) for the year ending September 30, 2025, reflecting a stable financial performance. Despite this, CEO Andrew Irvine has identified the housing crisis as Australia's most pressing societal and policy challenge, advocating for expedited decision-making to stimulate economic growth and enhance housing availability. - read more

Click for more Finance News

Debt Consolidation Articles

Financial Planning 101: How to Get Ahead of Your Debt

Welcome to Financial Planning 101: How to Get Ahead of Your Debt! If you're feeling overwhelmed by your financial situation, you're not alone. Many people struggle with managing debt and finding ways to achieve financial stability. - read more

Smart Budgeting: Building a Financially Stable Future

Many Australians today find themselves navigating the choppy waters of financial instability. The burden of debt weighs heavily, affecting everything from daily stress levels to long-term planning. High interest rates, unexpected expenses, and the seductive ease of credit cards contribute to a culture of borrowing that can lead to a precarious financial situation for many. In this introduction, we explore how smart budgeting is not just about scraping by, but laying the foundations for a financially stable future. - read more

Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments

High-interest debt can feel like a relentless cycle for many in Australia, often making it challenging to gain financial ground. Whether it's credit card debt, personal loans, or other forms of borrowing, the compounded interest can quickly become overwhelming. Fortunately, debt negotiation presents a viable solution for those caught in this dilemma, offering a ray of hope to reduce financial burden. - read more

How to Track Monthly Expenses for Better Debt Management

In the realm of financial wellness, tracking your monthly expenses is a crucial step towards effective debt management. Many Australians grapple with the challenges of keeping their debts under control, particularly in a dynamic economic environment. - read more

Budgeting 101: A Beginner's Guide to Monthly Expense Planning

Budgeting is the process of creating a plan to manage your money. Essentially, it allows you to allocate your income towards expenses, savings, and other financial goals. By keeping track of where your money goes, budgeting helps you ensure that you are not overspending and are prepared for future financial needs. - read more

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.