Business News

BT Panorama FUA hits $10b milestone

BT Financial Group (BTFG) today announced its flagship platform BT Panorama has surpassed $10 billion in funds under administration (FUA), with SMSF assets now contributing over 40 per cent of total FUA.

BT Panorama has experienced continued growth in SMSF assets, largely driven by the efficiencies it offers clients to manage their SMSF, including enabling the adviser, accountant and trustee to have a shared view of a portfolio in real time.

Since March 2017, the platform has grown FUA by 138 per cent, or $5.4 billion, and experienced strong growth in the independent financial adviser market, including a 279 per cent increase in new active accounts.

It has more than 3,500 advisers and 21,750 investors registered.

BTFG chief executive Brad Cooper said BT Panorama continues to gain momentum with clients, advisers and accountants, particularly after the completion of the advised offer in March 2017, which included integration with superannuation and insurance.

“While we’re extremely proud of what BT Panorama has achieved to date, we continue to listen to and act on the valuable feedback we’re receiving from investors and advisers,” Cooper said.

“We have more enhancements coming this year, including new reporting features, a cash management account and annuities, further strengthening Panorama’s offer.”

The platform offers a full range of investment options, including cash, term deposits, direct shares, exchange-traded funds, hybrids and more than 500 managed funds and over 50 managed accounts.

There has been recent strong take up for BTFG’s managed accounts offer as advisers look to more efficiently meet their clients’ needs, reduce paperwork, drive business efficiencies and spend more time providing holistic advice, the company said.

BTFG has more than $115 billion on its BT Panorama, BT Wrap and Asgard platforms.

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