BT Panorama hits $100b FUA
BT Panorama has reached $100 billion in funds administration (FUA) after BT completed the last tranche of its BT Wrap migration to BT Panorama today.
The final migration saw 49,000 accounts totalling $15 billion in FUA move across. The whole migration saw 150,000 accounts and over $56.6 billion FUA transition over the last six months.
BT managing director, platforms, investments and operations, Kathy Vincent, said: “The migration has been an enormous undertaking, not only for BT, but for the dealer groups and advisers who are embedding a new system into their businesses, at an extremely important and busy time of year. We would like to thank them for their support during this period.
“We are excited about welcoming the 2,000 advisers who have just migrated to BT Panorama, and helping them realise the benefits of using the more advanced technology.”
Recommended for you
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
Morningstar has made two business development appointments to drive the growth strategy of its financial advice software, AdviserLogic.