BT Financial Group’s investment platform, BT Wrap, has launched its model portfolio enhancements, hoping to increase functionality and help advisers with cost and administration issues in the self managed superannuation fund (SMSF) space.
The new model portfolio tools on Wrap DeskTop have already been launched to BT Wrap’s dealer group partners, and will be rolled out to all advisers next month.
Some of the new features include the ability to group the administration of portfolios with individual service, blend models, and re-balance multiple or individual clients.
BT Wrap national distribution manager, Jackie Boylan, said the automation of some of the administration processes would save up to two hours per client review, addressing advisers’ concerns around cost and administration in SMSFs.
“Another one of our key competitive advantages is that this is a hybrid model, encompassing equities, cash and managed funds,” she added.
BT had announced plans to introduce tax optimisation and simulations, as well as real time stock updates in 2011, having already delivered equity bulk trading for single and multiple clients, live market prices and price calculators.
The launch is a part of a three-year development, with BT investing around $18 million over this period.
