BT Financial Group upgrades wrap platform
BT Financial Group is revamping its wrap administration platform as part of a three-year program to provide faster direct equities trading and better access to market and company information for advisers and private investors.
BT will introduce bulk trading, improve its same-day trading capability and install a more comprehensive package of market information and trading tools such as watch lists, portfolio tracking and e-mail alerts. Advisers will be able to buy or sell up to 15 securities in one order with the new bulk trading capability.
“To facilitate our goal of building market-leading equities capability on BT Wrap, we’ve spent considerable time with advisers to fully understand their current and future needs in the equities space,” said BT wrap product and strategy national manager Craig Lawrenson.
Lawrenson said the aim of the upgrade to BT Wrap’s equities capability was to help advisers reduce risk and compliance burdens, save time and keep up-to-date with markets. It would also cater to their growing base of self-managed super fund investors and prepare for an increase in demand for listed securities when markets rebound.
Lawrenson said BT would also look at model portfolios, managed accounts and tax optimisation in the future.
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
