Skip navigation BT logo
Skip navigation
  • Home
  • Professional
  • Personal
  • About BT
  • Contact Us
  • Help
  • Login
BT logo
Login
  • Who we are
    Who we are
    BT provides a range of wealth services. View our history, philosophy and culture, awards, our brands and additional disclosure.
    Overview
    • Our history
    • Our people
    • Philosophy & culture
    • Awards
    Additional disclosure
    • BT Funds Management Limited
    • Target Market Determinations
    • Portfolio Holdings Disclosure - Asgard Independence Plan Division Two
  • Community
    Community
    Doing the right thing is at the heart of everything we do, with commitment to focus on issues that matter for our customers, people and the broader community.
    Customers in need of extra care
    • Financial abuse
    • Domestic and family violence
    • Living with dementia
  • Media centre
    Media centre
    Access media information including media releases, story ideas and details about our BT spokespeople.
    Media releases
    • Archives
    2024
    • BT appoints Wellington Management as investment manager for a global equities mandate
  • Careers
    Careers
    At BTFG, our people are our greatest asset. Our future success is dependent on investing in and getting the very best out of our employees.
    Why BT?
    • Employee benefits
    • Grow your career with us
    • Flexible working
    • Inclusive culture
    Joining BT
    • Applying for a role
    • Visa requirements
    • Your employment offer
    • FAQs and how to contact us
    • Candidate, Visitor and Contractor privacy
    Job search
    • Choose a BT career
    • Choose a Westpac Group career
    • Career pathways
  • Contact Us
  • Help
  • Home
  • Professional
  • Personal
  • About BT

The following form allows you to search all of BT.

    We use cookies for security purposes, to improve your experience on our site and tailor content for you. Our Privacy Statement explains how we use cookies.

    1. Who we are
    2. Overview
    Who we are Overview
    1. Who we are
    2. Overview
    Who we are Overview
    • Our history
    • Our people
    • Philosophy & culture
    • Awards

    Our history

    BT’s history of combining and acquiring great heritage brands has ensured we have become one of Australia’s leading and expert wealth brands.

    Our heritage

    In 1969, BT began as the Australian subsidiary of the Bankers Trust Company of New York, Bankers Trust Australia, and since this time has continued to define itself by adapting and responding to customer needs. 

    The Bankers Trust Company was formed in 1903 in New York, and was sold to Deutsche Bank in 1998. In 1999 the Bankers Trust Australian division was sold to the US-based Principal Financial Group, who sold the asset management division, BT Funds Management, to the Westpac Banking Corporation (Westpac) in 2002.

    Westpac combined BT Funds Management with its previous wealth acquisition - the Rothschild asset management business - and its own Financial Services operations, to form an expanded wealth management division of Westpac – BT Financial Group (BTFG).

    In 2008, the St. George Wealth Management business merged with BTFG to form one of the largest wealth management businesses in Australia. St.George Bank’s Wealth Management division brought eight unique businesses with them, which included Asgard, Securitor, Licensee Select, Advance Asset Management, St.George Financial Planning and St.George Private Clients.

    This saw the brands of BT, BT Investment Management, Magnitude, Westpac Financial Planning, Insurance and Private Bank join forces with Asgard, Securitor, Advance, Licensee Select, Ascalon Capital Managers, St.George Financial Planning (including BankSA Financial Planning) and St.George Private Clients.

    In 2019, Westpac Group announced changes to the structure of its wealth business, BT Financial Group. This included an exit from financial advice; with the private wealth, platforms, investments and superannuation businesses moving into Westpac’s expanded Business division; and the insurance business moving into Westpac’s Consumer division. As a result, BTFG is no longer run as a separate division, but has become a single wealth management brand within Westpac, now known as BT .

    Today, BT’s evolution continues. In May 2020, Westpac announced a strategic review of a number of businesses, with a view to focus on its Australian and New Zealand banking businesses. These included Superannuation, Wealth Platforms, Investments, and Insurance. In August 2022, the sale of Westpac Life Insurance Services Limited completed, and Westpac Life Insurance Services Limited changed its name to TAL Life Insurance Services Limited. In addition, BT Super merged into Mercer Super on April 1 2023. BT is committed to continuing to support financial advisers and our vision is to enable quality financial advice to thrive.

    BT logo
    • Who we are
    • Community
    • Media centre
    • Careers
    • About BT
    • Privacy
    • Terms & Conditions
    • Accessibility
    • Help
    • SPINs, USIs, ABNs
    • Contact us
    • Feedback and Complaints
    BT Financial Facebook BT Financial Twitter BT Financial LinkedIn BT financial YouTube


    The information shown on this site is general information only, it does not constitute any recommendation or advice; it has been prepared without taking into account your personal objectives, financial situation or needs and you should consider its appropriateness with regard to these factors before acting on it. The issuers of the products named on this website can be found in the relevant disclosure document. Read the disclosure documents for your selected product before deciding. Target Market Determinations for our products can be found here. Any taxation position described is a general statement and should only be used as a guide. It does not constitute tax advice and is based on current tax laws and our interpretation. Your individual situation may differ and you should seek independent professional tax advice. You should also consider obtaining personalised advice from a professional financial adviser before making any financial decisions in relation to the matters discussed hereto.

    © BT - Part of Westpac Banking Corporation