Our announcement that we intend to migrate BT Wrap accounts to BT Panorama may have raised questions for you or your team members. To help answer those questions, please join us for our first BT Wrap to BT Panorama migration live Q&A session. To get the most out of the session, please send any questions you have prior to the event to BTWrapMigration@btfinancialgroup.com.
We are pleased to confirm our intention to commence the migration of BT Wrap clients to BT Panorama. The migration is proposed to occur in tranches, with the first tranche expected to commence in late 2020.
The first tranche will primarily include non-advised accounts. The second tranche, expected to occur in early 2021, is currently planned to include clients in the BT Open badge as well as a number of other badges. The full list of badges we intend to migrate in tranche 2 can be found below.
You will be notified in advance if you have clients in tranche 2.
Asgard Xchange SuperWrap*
Asgard Xchange Wrap#
BT Compact SuperWrap
BT Compact Wrap
BT Foundation Portfolio SuperWrap*
BT Portfolio SuperWrap*
BT Portfolio SuperWrap+*
BT Portfolio Wrap*
BT Private SuperWrap*
BT Private SuperWrap Plus
BT Select Administrator Wrap
BT Select Administrator SuperWrap
BT Select Portfolio Wrap
BT Select Portfolio SuperWrap
BT Select SuperWrap*
BT Select SuperWrap Plus
BT Select Wrap*
BT Select Wrap Plus
BT SuperWrap Open
BT Wrap Open
*These badges are already closed to new investments
# These are closed Wrap badges branded Asgard
Details for the remaining tranches are being finalised, however we are aiming to complete these tranches by mid-2021. We will provide additional information, including advance notice of any communications being sent to clients, as we progress our final planning and internal approvals.
Get a head start and register for the new operating system, BT Panorama.
This information has been prepared by BT Portfolio Services Limited ABN 73 095 055 208 AFSL 233715 (BTPS), the operator of BT Wrap and Panorama Investments; and BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) the trustee of SuperWrap and Panorama Super, which are part of Retirement Wrap ABN 39 827 542 991. It is current as at July 2020. This information does not take into account your or your clients’ personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it.
A Product Disclosure Statement or other disclosure document (PDS) for the above-mentioned products (the BT platform products) can be obtained by contacting BT on 1300 360 899 or by visiting bt.com.au/professional. Your clients should obtain and consider the relevant PDS before deciding whether to acquire, continue to hold or dispose of interests in the BT platform products.
BTPS and BTFM are subsidiaries of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac). Apart from any interest investors may have in the BT Cash Management Account, the BT Cash Management Account Saver (both of which are issued by Westpac), Westpac term deposits, Westpac securities or underlying bank accounts held at Westpac through their BT Wrap, BT SuperWrap or Panorama Super cash account, an investment acquired using the Wrap or Panorama operating systems 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 products.
This content has been prepared for use by advisers only. It must not be made available to any client and any information in it must not be communicated to any client. The information provided is factual only and does not constitute financial product advice.