Exclusive

Licensee portfolios are exclusively available to your clients.  

Efficient

The licensee or a delegated professional investment manager creates & rebalances the models.

Central

Manage and view your clients’ licensee portfolios – all in one place.

Benefits for you 

Flexibility

Once approved*, your dealer group or your business can implement a licensee portfolio with a choice of underlying assets that work best for your business and for your clients’ investment strategy**, or they can choose to delegate the portfolio construction to a professional investment manager. Licensee portfolios are supported by BT Panorama’s smart technology and innovative wealth management system, with access to professional investment manager tools.

*All licensees require a due diligence review and approval.

**In line with BT Panorama’s available asset classes and categories

Reduced admin and paperwork

No ROA/SOA required for ongoing rebalances within a licensee portfolio, allowing you for a more effective and paperless way to work with your clients.

Improved business efficiency

With a licensee portfolio you don’t need to individually research, monitor and trade assets, as your dealer group or a professional investment manager of your choice will do it for you. Plus you can streamline the advice and investment management process, by implementing licensee portfolios across multiple clients, instead of managing investment portfolios individually.

Client focus

Build stronger relationships with your clients. You can exclude certain assets and use tax optimisation strategies to tailor the portfolios to better suit individual clients. In addition our BT Panorama mobile app helps drive client engagement delivering portable, easy access to key portfolio information.

Benefits for your clients

Individual tax benefits

In respect of Panorama Investments, as your clients beneficially own the underlying assets, they have direct access to any franking credits and dividend payments on these assets.  They will not inherit any embedded tax positions as is the case with a managed fund.

Individual asset mix

By creating your own licensee portfolios your dealer group can select an asset mix that works best for your clients’ overall wealth strategy. You can also individually adjust the asset mix within the portfolio (or have an investment manager do it for you if you have one), through exclusions of certain assets from the portfolio. Clients also have the opportunity to transfer their asset holdings to another portfolio* without triggering capital gains, giving you and your clients more flexibility in structuring their holdings individually.

*Depending on asset class availability in new portfolio.

Transparency

BT Panorama’s rich reporting functionality gives your clients the ability to view the positions and performance of all underlying assets in their licensee portfolio at a glance. And with BT Panorama’s mobile app your clients are kept actively engaged with their wealth, even when they are on the go.

To find out more about what’s involved in implementing managed accounts into your practice contact us and we will help you understand your options and start your plan.