Almost six months after BT Financial Group revamped its pricing structure for BT Panorama, the company has announced that the platform has reached $13 billion in funds under administration (FUA), up 65 per cent on this time last year.
BTFG also announced additions of mobile digital consent for corporate actions, digitally enabled Record of Advice (ROA) generation, and enhanced reporting capabilities to Panorama.
BT head of Panorama product development, Anil Sagaram, said that these changes were key to increasing the efficiency of the advice process. The 2018 Investment Trends Planner Technology Report found this was a key issue for advisers, with 40 per cent of surveyed advisers expressing concern about building process efficiencies.
“We are investing in digitisation and introducing new features and functionality that increase both advice efficiencies and client engagement. We want to ensure we continue to meet the evolving needs and preferences of clients and advisers,” Sagaram said.