Managed accounts pass $10b on BT platform



BT has seen strong growth in use of its managed account solutions, comprising 66% of net flows to the BT Panorama platform in the last quarter.
In the three months to 31 December 2021, the firm said managed accounts funds under administration were $10.4 billion, up from $9.2 billion in the previous quarter.
Some 11 managed accounts had been added to the platform during the quarter, particularly in the sustainable space and the firm said it expected this to remain a popular area.
“More managed accounts that prioritise sustainability are expected to be added on the platform as momentum in this area increases, catering to strong investor demand and adviser interest.
“Across all of BT’s platforms, net flows into investment that prioritise sustainability have more than doubled in the year to June 2021. Furthermore, 82% of advisers are interested in environmental, social and governance (ESG) solutions for their clients, with the vast majority preferring to implement these solutions via managed accounts.”
Funds under administration on BT Panorama were $107.9 billion, up from $104.7 billion in the previous quarter.
Matthew Rady, who took over as chief executive of BT Financial Group in September 2021, said: “We will be a bold industry advocate - helping advisers to help their clients to have their best financial future. BT Panorama will be the undisputed leader in the platforms market.
“We are setting a new strategy with advisers at the heart and I look forward to leading and building the BT of the future.”
Recommended for you
As the 1 January 2026 education deadline looms, the FAAA is predicting as many as 1,000 advisers could exit the profession, triggering a significant experience loss for the profession.
AMP has made an internal promotion to head of business development for wealth distribution, as chief executive Alexis George has said the firm is doubling down on its BDM team.
A Supreme Court of Western Australia jury has issued its verdict regarding unregistered MIS operator Chris Marco, who was on trial for 43 fraud charges, with ASIC stating the verdict ends a “sorry chapter”.
Investment Trends has revealed Australian advisers are increasingly turning to ETFs to provide portfolio diversification, while new inflows for unlisted managed accounts have seen a double-digit drop.