BT Panorama surpasses $10 billion in FUA
BT Panorama has passed $10 billion funds under administration (FUA), with FUA up 113.4 per cent in the period from March to December 2017.
According to BT’s flagship platform, self-managed super fund assets accounted for over 40 per cent of FUA, with over 3,500 advisers and 21,750 investors registered on the platform.
BT attributed the growth in SMSF assets to the efficiencies it offers clients in managing their SMSF, including enabling the adviser, accountant and trustee to have a shared view of a portfolio in real time.
BT Financial Group CEO Brad Cooper said the platform has continued to gain momentum with clients, advisers and accountants, particularly since the completion of the advised offer in March 2017 which included integration with superannuation and insurance.
“While we’re extremely proud of what BT Panorama has achieved to date, we continue to listen to and act on the valuable feedback we’re receiving from investors and advisers,” he said.
“We have more enhancements coming this year including new reporting features, a cash management account and annuities, further strengthening Panorama’s offer.”
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