BT has launched six active diversified managed portfolios, available on BT Panorama on both the full and compact menu. Designed to meet the core investment needs of a wide range of clients, CoreSeries caters to different risk profiles with no portfolio level investment management fees and a low underlying management fee between 50bp and 78bps, with the balanced option at 68bps.
BT Head of Investment Product, Rodney Greenhalgh said CoreSeries is structured as a separately managed account (SMA), offering portfolio transparency, trading efficiencies and a competitive and straightforward fee structure.
- Six active diversified portfolios, using retail and institutional investment strategies
- Providing access and transparency to a range of high-quality external investment managers – in an efficient and cost effective structure
- Designed and constructed by the BT investment team with access to global research, investment scale and institutional risk and portfolio construction tools
- No portfolio level investment management fees, with low underlying management fees starting at 50bps to 78bps
- Access to a national team of investment specialists
- Available on both BT Panorama Open and Compact menus
Managed accounts capability is a key driver for platform selection cited by the majority (61 per cent) of advisers according to Investment Trends’ Planner Technology Report 2018.
BT has 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 20181. 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. 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,” said Mr Greenhalgh.
More than 20 of BT’s investment experts manage the CoreSeries Portfolios identifying the appropriate investment managers and strategies that will best meet the objectives of the portfolios.
According to Investment Trends, when selecting between features, cost and support as drivers for platform selection, advisers rate support as the most important driver, with 50 per cent citing this.2
“Adviser support is a key focus of the CoreSeries with 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,” said Mr Greenhalgh.
The team of investment specialists can help advisers assess and establish an appropriate investment solution, as well as provide ongoing support with governance, investment insights and client engagement.
BT Panorama has a broad managed accounts offer 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.
1 Funds under administration invested in Managed Portfolios on BT Panorama as at 30 November 2017 $908,554,557 rose to $2,005,768,005 as at 30 November 2018 a rise of 120.76%
2 Investment Trends May 2018 Planner Technology Report, based on a survey of 804 financial planners.
Media release (PDF)