BT has launched six active diversified managed portfolios, which are available on BT Panorama Open and Compact menus as part of its CoreSeries portfolios.
According to BT Head of Investment Product, Rodney Greenhalgh, CoreSeries is structured as a separately managed account (SMA), offering portfolio transparency, trading efficiencies, and a straightforward fee structure.
Greenhalgh said BT had seen very strong growth in managed accounts on BT Panorama, with a 121 per cent increase in funds under administration (FUA) for the 12 months to 30 November 2018. More than 15 per cent of FUA on BT Panorama is now invested in managed accounts.
“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.”
According to the Investment Trends May 2018 Planner Technology Report, when selecting between features, cost and support as drivers for platform selection, advisers rate support as the most important driver, with 50 per cent of advisers citing this.
“Adviser support is a key focus of CoreSeries, with advisers having access to a dedicated support team of investment specialists, as well as comprehensive reporting, research and tools. This includes access to a comprehensive self-service web portal containing regular reporting, commentary and insights,” Greenhalgh said.
BT Panorama currently provides a broad managed accounts offering, with more than 100 managed portfolios across 20 investment managers. In June 2018, BT added three Australian equity portfolios managed by Antares, Lonsec and Pendal, and six new diversified portfolios managed by Morningstar.
The CoreSeries Portfolios are now available and BT intends to add more than 20 other managed accounts to BT Panorama in the next 12 months.
Designed to meet the core investment needs of a wide range of clients, Greenhalgh said the CoreSeries caters to different risk profiles, with no portfolio level investment management fees and a low underlying management fee between 50bps and 78bps, with the balanced option at 68bps.
