BT Wrap shrinks disclosure documents
BT Wrap has whittled down its lengthy disclosure documents to 20 pages.
Head of BT Wrap Chris Freeman said the new disclosure document, which comprised a 20-page Investor Short Guide supported by a CD containing additional information, terms and conditions, were launched following six months of extensive interviews with dealer groups, advisers and clients.
“Our research showed investors just don’t engage with bulky 70-plus page disclosure documents and want clear and simple language,” he said. “Similarly, advisers want to be able to better communicate with their clients about platforms and the service they provide.”
Freeman said the BT Wrap disclosure documents had transitioned from a lengthy document “to a tool advisers can use to ensure new Wrap investors have all the information they need to make a decision to invest”.
BT Wrap has also transitioned from paper-based investor registration forms to an electronic process using Adobe software.
AUTHOR
Caroline Munro
Recommended for you
TAL has introduced four new courses to its Risk Academy focused on ethical dilemmas as part of Ethics Month to help advisers meet their CPD requirements.
Unadvised Australians believe they need $2 million to retire comfortably, according to Colonial First State, a wide variance compared to advised individuals which estimate $1.3 million.
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a “significant expansion” through new distribution channels.
The heads of two financial advice licensees have joined the board of the Financial Services Council as it looks to deepen its engagement with the space and strengthen its representation.
