More Compact menu options
You’ve now got more managed portfolios to choose from on the Compact menu. Some of your Full menu clients may now find the investments they want on the Compact menu and could save on administration fees by changing menus.
Updated fees for family groups
We recognise that advisers are increasingly asked to provide advice to multiple members of a household. We’ve made changes to our related account fees and some of your Full menu clients may now be better off when grouping family or related accounts.
A brand new menu - Focus
Efficiently serve clients with simpler investment needs with our brand new menu, Focus. It’s a simple menu of managed portfolios and managed funds with Vanguard’s Diversified Series at its core, some actively managed single sector funds and the ability to link insurance, all at a low price point.
BT’s brand new menu - Focus
Pairing an award-winning platform with an award-winning manager
Focus features Vanguard’s Diversified Managed Account Series at its core, some actively managed single sector funds plus the ability to link insurance, all for an account-based admin fee of just $60 p.a.*
*Other fees apply. Please refer to the relevant disclosure document available at bt.com.au for further information.
Compare our Focus, Compact and Full menus
| Item | Full | Compact | Focus |
|---|---|---|---|
| Administration fees1 | |||
| Admin fee (account-based) | $540 p.a. | $240 p.a. | $60 p.a. |
| Admin fee (asset-based) | ≤$1m: 0.15% p.a. >$1m: nil |
≤$1m: 0.15% p.a. >$1m: nil | ≤$1m: 0.15% p.a. >$1m: nil |
| Minimum asset-based fee | N/A | $150 p.a. | $50 p.a. |
| Expense recovery fee | $15.07 plus 0.0135% p.a. | $15.07 plus 0.0135% p.a. | $15.07 plus 0.0135% p.a. |
| Custodial holdings option fee | $300 p.a. | N/A | N/A |
| Eligible for aggregate pricing | ✓ | ✓ | ✕ |
| Investment options and features | |||
| Managed accounts | 165+ | 140+ | 4 |
| Managed funds | 850+ | 50+ | 7 |
| ASX listed securities | ✓ | ✕ | ✕ |
| Insurance | ✓ | ✓ | ✓ |
| Term deposits | ✓ | ✓ | ✕ |
| Transaction account | ✓ | ✓ | ✓ |
Information current as at 1 October 2025
1. Other fees, costs and charges apply. Please refer to the relevant disclosure documents for more information about the fees, costs and carges applicable to the BT Panorama products.
Product documents
Vanguard Diversified Managed Accounts Strategies
Wholesale Plus Funds
BT Wellington Global Opportunistic Value Fund
Platform fee comparison calculator
Compare administration fees for BT Panorama with other platforms.
BT Panorama fee calculator
Compare BT Panorama Focus, Compact and Full menu administration fees for single accounts or related groups.
*Awards are opinions only and are not recommendations and are only one factor to be taken into account when deciding to acquire, dispose or hold interests in BT Panorama. Awards are current at the time of publication but are subject to change.
This website has been prepared for use by financial advice professionals only. It must not be made available to any client and any information in it must not be communicated to any client. The information on this website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. This information does not take into account your clients’ personal objectives, financial situation or needs and so you and your clients should consider its appropriateness, having regard to these factors before acting on it.
This information has been prepared by BT Portfolio Services Limited ABN 73 095 055 208 AFSL 233715 (BTPS), the operator of Panorama Investments; and BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) the trustee of Panorama Super, which is part of Asgard Independence Plan Division Two ABN 90 194 410 365. Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 (WFSL) is the responsible entity and issuer of interests in BT Managed Portfolios, Wholesale Plus Funds and the BT Wellington Global Opportunistic Value Fund. Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac) is the issuer of the BT Cash Management Account (BT CMA) and the BT Cash Management Account Saver (BT CMA Saver). Together, these products are referred to as the Panorama products.
A Product Disclosure Statement or other disclosure document (PDS) and target market determination (TMD) for the Panorama products can be obtained by contacting BT on 1300 784 207 or by visiting bt.com.au. A person should obtain and consider the PDS and TMD before deciding whether to acquire, continue to hold or dispose of interests in the Panorama products.