Text Color Swatches

Hello,

In regard to editable text, is there any way to display the color swatches within the "text edit" pop-up menu?  Currently, only one swatch appears in this pop-up menu, and once the customer clicks on that swatch a new menu pops up with all of the available color swatches.  

I'm wondering if I can eliminate that step, and have all of the available colors displayed as little swatches in the first pop-up menu (right after the customer clicks on the text to begin editing.)

Thank you in advance for your feedback!

-Mike