BT boosts platform service with online calendars
BT Financial Group has improved the functionality of its Wrap Platform for financial advisers with the addition of online corporate actions and initial public offer (IPO) calendars.
The new facilities are a market first and will allow transactions regarding IPOs, rights issues, bonus issues, and dividend payments to be processed electronically rather than manually, as has been the practice to date.
Advisers can now process transactions for up to 100 clients at a time via the new service, and can combine market information with that of their individual clients.
“Keeping up to date with opportunities is becoming more difficult for advisers, and the amount of time spent participating in them is increasing,” BT head of product development Jeroen Buwalda said.
“The online corporate actions calendar and IPO calendar on Wrap will make it easier and faster for advisers to manage their clients’ participation in market offers by providing one central online source for information and participation,” he explained.
The financial services firm developed the new tools in a direct response to financial planner feedback it received.
Apart from streamlining the transaction process, the calendars give advisers the benefit of having access to a central online library for all corporate action and IPO information, and a facility to easily monitor the progress of particular transactions and prepare client and business reports.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
