BT launches new managed portfolios
Following a 121 per cent increase in funds under administration for the 12 months to 30 November 2018, and more than 15 per cent of that in managed accounts, BT has launched CoreSeries, which are six active diversified managed portfolios available on BT Panorama’s full and compact menu.
CoreSeries would cater to different risk profiles with no portfolio level investment management fees and an underlying management fee of between 50 basis points (bps) and 78 bps, with the balanced option at 68 bps.
BT head of investment product, Rodney Greenhalgh, said the managed portfolios were structured as a separately managed account, and would offer portfolio transparency, trading efficiencies and a competitive fee structure.
“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.”
Greenhalgh said adviser support was a key focus of the CoreSeries, with access to a support team of investment specialists as well as comprehensive reporting, research and tools, which includes a comprehensive self-service web portal with regular reporting and insights.
AUTHOR
Anastasia Santoreneos
Recommended for you
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.
Following the departure of its chief marketing officer last year, AMP has appointed a successor to take up the position with the appointment coming from the US.
The Financial Services Council has appointed Justine Earl-Smith as executive director for commercial partnerships and growth, a newly created role for the organisation.
