BT Panorama hits $100b FUA
BT Panorama has reached $100 billion in funds administration (FUA) after BT completed the last tranche of its BT Wrap migration to BT Panorama today.
The final migration saw 49,000 accounts totalling $15 billion in FUA move across. The whole migration saw 150,000 accounts and over $56.6 billion FUA transition over the last six months.
BT managing director, platforms, investments and operations, Kathy Vincent, said: “The migration has been an enormous undertaking, not only for BT, but for the dealer groups and advisers who are embedding a new system into their businesses, at an extremely important and busy time of year. We would like to thank them for their support during this period.
“We are excited about welcoming the 2,000 advisers who have just migrated to BT Panorama, and helping them realise the benefits of using the more advanced technology.”
Recommended for you
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
Sequoia Financial Group has seen a top-level reshuffle as the chair of the board, John Larsen, steps down after five years in the position.
As statements of advice move into the rear-view mirror, Vital Business Partners explores how financial advisers are adopting innovative documentation strategies.
Adviser Ratings has explored whether there is a financial benefit to advice firms seeking to have a specialised client base in terms of client assets and fees charged.