Finding suitable investments takes time and expertise. BT Managed Portfolios invest in assets professionally selected and monitored for you.
A Ready-made portfolio gives you a diversified investment portfolio in one investment.
View your portfolio anytime from your mobile, tablet or desktop.
We provide a consolidated tax statement for your investments to make tax time simpler. Plus real-time online reporting so you can track performance across your portfolio.
The total fees and charges payable by you will include the fees for the BT Invest service as well as any fees and costs of the available investments chosen by you. It is important to understand the fees and costs of any available investment you choose, and that those fees and costs will be in addition to the fees charged for BT Invest.
The amount you pay for specific investments is generally shown in the relevant product disclosure statement or other disclosure documents for each available investment.
Account based administration fee
$60 p.a. per account
Charged once you have made your first deposit.
This is a summary only. For full information on fees and costs refer to the ‘Fees & Costs’ section of the BT Invest Investor Guide.
Investment management fee
Ranges from 0.22% p.a. to 0.80% p.a. of the total value invested.
Underlying asset fees
Depending on each asset’s allocation within the managed portfolio the overall cost can be up to 0.37% p.a. but this may change from time to time.
For the Australian Shares Ready-made managed portfolios, transaction fees can range from 0.05% p.a. to 0.11% p.a.
This is a summary only. For full information on fees and costs refer to the ‘Fees & Costs’ section of the BT Managed Portfolios Product Disclosure Statement - Part 2.
BT Managed Portfolios is an investment option in BT Invest (along with managed funds and term deposits). BT Managed Portfolios offers a range of professionally constructed investment strategies, called managed portfolio options.
The Ready-made option allow you to start by selecting one of the diversified managed portfolios, which are designed to align to acknowledged wealth industry investor profiles covering most wealth journey stages (i.e. Conservative, Moderate, Balanced, Growth and High Growth).
Managed portfolio options are a portfolio of assets made up from managed funds and/or shares (which may include exchange traded funds). They are monitored by an appointed investment adviser to ensure the right investments in the right proportions are in place.
Each managed portfolio option has target percentage allocation in each asset, which the investment adviser sets (within minimum and maximum ranges).
Investments in BT Managed Portfolios are aligned as closely as possible to reflect the targets of your selected managed portfolio option by buying and selling the assets – this process is called "rebalancing".
You will receive comprehensive consolidated reporting on your investment. We will provide you with annual reporting within three months of the end of each financial year end. You can also access up-to-date investment information online.
You will receive information regarding your annual tax position for your investments after the end of the financial year (once we have the necessary information from third parties). You will receive an email when these are available online.
If you start investing choosing the Ready-made option, then “auto-invest” is enabled. This means you can move money in online, using Direct Debit or Regular Contributions (from your nominated linked account), BPAY®, Electronic Funds Transfer (Direct Credit) and cheques. You can also move money out online using Direct Credit to your nominated linked account.
Don’t forget that you need to keep a minimum amount of $100 in BT Cash Management Account and $900 in BT Managed Portfolios. If you want to fully withdraw or close your account you will need to call us to help arrange that for you.
If you choose to start investing without using the Ready-made option (so without “auto-invest” enabled) you can choose how you’d like to move money to/from your BT Cash Management Account, either to invest or transfer out. You can move money in using Direct Debit or Regular Contributions (from your nominated linked account), BPAY®, Electronic Funds Transfer (Direct Credit) and cheques. You can move money out using BPAY® or via Direct Credit to yours’ or others’ external bank accounts.
Don’t forget to keep a minimum amount of $100 in BT Cash Management Account and any minimum holdings in your investments (more information on investment minimums is available in the Help section). If you want to fully withdraw or close your account you will need to call us to help arrange that.
For deposits made prior to 5pm AEST (business day) funds will generally credit the BT Cash Management Account overnight, but may be subject to a clearance period.
Deposits requested from a linked account or made by cheque generally clear within 3 business days.
BPAY® and Electronic Transfers generally clear overnight.
Once your deposits clear, they are automatically invested in your chosen managed portfolio option (subject to the minimum $100 balance in the BT Cash Management Account being maintained.
® Registered to BPAY Pty Limited ABN 69 079 137 518
Before you consider investing through BT Invest, it is important you understand the risks that can affect your investment. Generally, these are:
Investment risk: The value of your investments held through BT Invest may be influenced by movements in global and domestic market exchanges, international currencies and interest rates. Adverse movements could result in possible delays in repayment of withdrawal proceeds and loss of income and principal invested.
Investment specific risks: An investment in a managed portfolio option or managed fund which has exposure to an entity that is listed on a stock exchange may be affected by unexpected changes in that entity’s operations (due to quality of management, use of technology, etc.) or its business environment. Similarly, an investment in a managed portfolio managed fund option may be affected by unexpected changes in the fund’s operations or by changes in investment management personnel. (For more information see the 'Performance' section in 'Investing with BT Managed Portfolios')
Managed portfolio risks: The likely rate of return and the risk of losing money are different in respect of each managed portfolio option, as different strategies carry different levels of risk depending on the mix of assets. Each managed portfolio option therefore may or may not be appropriate for your individual circumstances. There is also risk associated with transaction timing. Generally the managed portfolio option you choose will not be rebalanced more frequently than once per business day. There is a risk that the responsible entity managing your portfolio may not be able to process rebalancing instructions from the investment manager immediately on receiving the instructions, leading to a potential divergence from the return on the investment manager's notional portfolio. This can occur for a variety of reasons, including illiquidity.
Term deposit risk: There are some specific risks to investing in term deposits: Term deposit interest rates are fixed for the term of the investment (until maturity), and as a result you are protected from any fall in interest rates for that term. However, you will also not benefit from interest rate rises that occur during the term. Early withdrawal of term deposits will generally result in a waiting period before the term deposit proceeds are paid to you. An interest rate adjustment may apply if you or we terminate the term deposit before maturity (including if you close your account).
Tax risk: The tax impact of your investments will depend on your personal circumstances. You should seek your own professional taxation advice in relation to your investment.
Changes in tax and other regulations: BT Invest has been designed based on the current regulatory environment. If those regulations change, the value of your investments may be adversely affected.
BT Invest operational risk: The risk that administration, computer and supporting systems may not always work as they should. The effective operation of BT Invest (that is powered by Panorama) depends on the integrity of our systems. However, there is a risk that these systems may not be available or operate effectively in certain circumstances. We take risk management seriously, and have procedures in place that are designed to reduce the risk of systems not working effectively and to respond promptly should problems arise. However, you should be aware that not all of these risks can be foreseen.
This summary sets out the general risks associated with BT Invest and investments accessed through BT Invest. It is not an exhaustive list of all the risks of investing. You should refer to the BT Invest Investor Guide and the disclosure documents for the specific investments available through BT Invest (including the PDS for BT Cash Management Account and BT Managed Portfolios) to better understand the risks of investing. These disclosure documents, can be found here.
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BT Portfolio Services Ltd ABN 73 095 055 208 AFSL 233715 (BTPS) operates BT Invest. Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 (WFSL) is the responsible entity and issuer of interests in BT Managed Portfolios. Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac) is the issuer of the BT Invest Cash Management Account (BT Invest CMA). Together, these products are referred to as the BT Invest products.
A Product Disclosure Statement or other disclosure document (PDS) for the BT Invest products can be obtained by contacting BT on 1300 881 716 or by clicking here. You should obtain and consider the relevant PDS before deciding whether to acquire, continue to hold or dispose of interests in the BT Invest products.
BTPS and WFSL are subsidiaries of Westpac. Apart from any interest investors may have in Westpac term deposits, Westpac securities or the BT Invest CMA acquired through the BT Invest products, an investment in, or acquired using, the BT Invest products is not an investment in, deposit with or any other liability of Westpac or any other company in the Westpac Group. These investments are subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. Westpac and its related entities do not stand behind or otherwise guarantee the capital value or investment performance of any investments in, or acquired through, the BT Invest products.