BT launches new managed portfolios


Following a 121 per cent increase in funds under administration for the 12 months to 30 November 2018, and more than 15 per cent of that in managed accounts, BT has launched CoreSeries, which are six active diversified managed portfolios available on BT Panorama’s full and compact menu.
CoreSeries would cater to different risk profiles with no portfolio level investment management fees and an underlying management fee of between 50 basis points (bps) and 78 bps, with the balanced option at 68 bps.
BT head of investment product, Rodney Greenhalgh, said the managed portfolios were structured as a separately managed account, and would offer portfolio transparency, trading efficiencies and a competitive fee structure.
“CoreSeries offers advisers and their retail clients access to a range of high quality investment managers with several strategies not otherwise available in Australia to retail investors,” he said.
“We have utilised our institutional portfolio construction capabilities and scale to deliver a purpose built SMA with a range of benefits to our clients and their advisers.”
Greenhalgh said adviser support was a key focus of the CoreSeries, with access to a support team of investment specialists as well as comprehensive reporting, research and tools, which includes a comprehensive self-service web portal with regular reporting and insights.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.