Efficiently serve clients with simpler investment needs with our Focus menu. 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.
Compare Focus with BT’s Compact and Full menus
| Item | Full | Compact | Focus |
|---|---|---|---|
| Investment options and features | |||
| Managed accounts | 165+ | 140+ | 4 |
| Managed funds | 850+ | 50+ | 7 |
| ASX listed securities | ✓ | ✕ | ✕ |
| Insurance | ✓ | ✓ | ✓ |
| Term deposits | ✓ | ✓ | ✕ |
| Transaction account | ✓ | ✓ | ✓ |
| Administration fees1 | |||
| Admin fee (account-based) | $540 p.a. ($400 p.a. if grouped) | $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 pricing2 | ✓ $400 p.a. - reduction in account-based fee of $140 p.a. ✓ updated asset-based fee tiers. |
✓ updated asset-based fee tiers. | Not eligible for aggregate pricing |
Information current as at 1 October 2025
1. Other fees, costs and charges apply. Please refer to the relevant
/content/public/btfg-bt/personal/help/pds.htmldisclosure documents
for more information about the fees, aggregation pricing, costs and charges applicable to the BT Panorama products.
2. For the Full menu, the admin fee (account-based) is reduced to $400 p.a., along with adjustments to the admin fee (asset-based) tier.
With the Compact menu, there are no changes to the admin fee (account-based) but it includes the admin fee (asset-based) tier adjustments.
Documents and downloads
Vanguard Diversified Managed Account Strategies
Wholesale Plus Funds
BT Wellington Global Opportunistic Value Fund
Margin Lending forms & resources
Information current as at 27 January 2026.
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.
BT Securities Limited ABN 84 000 720 114 and Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 are together the issuers of Westpac Margin Lending. The Product Disclosure Statement for Westpac Margin Lending and other disclosure documents are relevant when deciding whether to acquire or hold this product and are available at www.westpac.com.au.