BT looks within for platform growth
BT Financial Grouphas appointed a new national manager to drive the development of its wrap business.
The appointment of Mitchell Sinclair, who most recently held the role of BT wrap specialist NSW, is to replace Gillian Carless who after five years in the role recently assumed a position with group parent company -Westpac.
As national manager of wrap new business, Sinclair will be entrusted with driving the distribution of BT’s wrap products and will be responsible for formulating and driving the new business strategy across the group’s wrap platform.
Sinclair has over 10 years experience in wrap products, having held a variety of roles with BT including manager of wrap transitions and vice-president - wrap client executive.
Reporting to director wrap distribution, Don Sillar, Mitchell will work alongside NSW manager wrap new business, Elke Sehmer, to grow new business opportunities with unsigned dealer groups and other financial institutions.
The BT platform, which was launched in 1996 and has over $11 billion in funds under administration, recently retained two major clients and averted outflows of over $2 billion following the renewal of agreements withAssociated Planners Financial Services(APFS) andZurich Financial Services.
Recommended for you
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
Australian licensees are expected to make greater use of custom model portfolios for their clients, according to State Street Investment Management, following in the footsteps of US peers.
Adviser Ratings has argued that it’s time for more advisers to utilise digital engagement tools available to them as a disconnect grows between consumers seeking advice from finfluencers and from professionals.
