BT’s Panorama to launch managed portfolios
BT Financial Group (BTFG) will roll-out managed portfolios on its Panorama platform by the end of this month with managed funds to be added by mid year and self-managed super funds (SMSF) by year end.
Speaking at an adviser briefing in Sydney this morning BTFG Head of Product Development — Panorama Craig Lawrenson said the platform had moved into the second stage of its development after initially rolling its cash and term deposits functionality a year ago.
Lawrenson stated the managed portfolios would offer an initial asset set of cash, exchange traded funds, listed funds and equities with advisers able to use Lonsec model portfolios on the platform.
The model portfolios will access two BTFG funds as well as four external managers — Dalton Nicol Read, Nikko AM, Goldman Sachs and Bennelong Funds Management.
Advisers will be able to customise their client fee arrangements and offer one-off advice fees as well as a range of ongoing advice fees based on flat dollar, flat percentage, sliding percentages or a blend of those.
Lawrenson said Panorama already had 1300 advisers using the platform which would become the ‘operating system' for advisers and clients accessing BTFG a investments and insurance.
He said the second stage rollout would ramp up in the middle of the year with managed funds and listed securities functionality to be added followed by SMSF functionality by the end of the year.
AUTHOR
Jason Spits
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