BT Wrap platforms get a makeover
BThas enhanced the stable of products and services within its Investment Wrap and SuperWrap products, claiming to have tailored them more closely to the needs of advisers.
The enhancements include an expanded fund menu for both platforms and preferred portfolios enabling client strategies to be more easily established and tracked.
Other features introduced are nil transaction fees for listed securities trades through BT’s Online Broker, straight-through processing for equities, access to external brokers and asset transfers between different plans.
“Improvements to Wrap’s functionality are driven by advisers who rely on it as the primary practice management tool,” BT Wrap general manager Mark Smith says.
A key change is the increased fund menu within the wrap products.
“We are expanding our fund menu to include over 200 funds for BT SuperWrap, and 320 funds for BT’s Investment Wrap,” Smith says.
“This amount is over double the combined offering of some other platforms,” he says.
The preferred portfolio feature is an investment allocation tool that allows advisers to create, manage and track clients’ accounts against a pre-determined investment strategy.
The BT Wrap changes have come at the same time as its funds under administration have exceeded the $7 billion mark.
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