BT Panorama managed accounts FUA up 68%

In its December update, BT reported that managed accounts FUA is up 68 per cent over the last year at $10.42 billion, while 11 new MAs were added in the last quarter.

MAs also comprised 66 per cent of net flows.

BT Panorama’s overall FUA for the quarter was reported to be $107.96 billion, up from $104.78 billion at the end of September 2021.

“Across all of BT’s platforms, net flows into investments that prioritise sustainability have more than doubled in the year to June 2021,” a statement released on Monday (14 February) read.

“Furthermore, 82 per cent of advisers are interested in ESG solutions for their clients, with the vast majority preferring to implement these solutions via managed accounts.

“Also driving the demand for managed accounts are advice practices that had used BT Wrap primarily as their main platform and have since taken the opportunity to implement managed accounts for the first time for their recently migrated clients as well as new clients.”

BT Panorama chief executive Matthew Rady said the results reflect a simpler, more focused business, while the team will focus on delivering more practical and technical support.

“We will be a bold industry advocate – helping advisers to help their clients have their best financial futures,” Mr Rady said.

“BT Panorama will be the undisputed leader in the platforms market. We are setting a new strategy with advisers at the heart, and I look forward to leading and building the BT of the future.”

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.