BT Panorama grows by over 70%

BT has announced a raft of enhancements including new adviser portfolio functionality and a record of advice integration for the platform as it exceeds $20 billion in funds under administration.

Funds under administration have grown by 82 per cent in the last 12 months, said BT, and means the group remains the number one retail platform provider in terms of market share.

The new enhancements include an ROA integration with XPLAN, new portfolio tools to enable account level model construction and rebalancing, improvements to household reporting through the related groups capability and a new SMSF dashboard integrated to accounting software.

BT general manager, platforms, investments and operations Kathy Vincent said the growth was driven by strong adviser demand and the rise of managed accounts.

“The latest enhancements are a combination of boosting stability across the platform to improve overall performance and adding new features to help advisers deliver advice to their clients efficiently,” she said.

Advisers will now be able generate an ROA through Panorama, seek and receive client consent digitally with a record of the consent and the document being sent directly to XPLAN and uploaded to a client file.

BT has also introduced account level portfolio construction and rebalancing tools for advisers, including the ability to hold a combination of listed securities and managed funds and advisers can rebalance back to target allocations based on client instructions.

“Change in the industry is unprecedented and now more than ever advisers need intuitive technology that helps them support client engagement through detailed reporting, quality data feeds, online functionality and processes that limit room for compliance errors through rekeying. These things are a necessity, not just nice to have,” said Ms Vincent.

Adviser feedback was the key to these improvements, said Ms Vincent, and further enhancements were scheduled over the coming quarter, including the ability to construct investment options by enabling the use of separately managed accounts.

“Adviser feedback is key to the improvements and additions we make to BT Panorama and we will continue listening and harnessing our customer-centred design process to build new features that help advisers run their business and provide advice to their clients their way,” said Ms Vincent.

Eliot Hastie

Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms. 

Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.

Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).

You can email him on: [email protected]