BT Wrap has launched a number of improvements to its platform, including model portfolio tools, in a bid to address adviser concerns over costs in self-managed superannuation funds (SMSFs).
"We found that there has been an increase in the take up of direct equities from our clients. We attribute this trend to the growing SMSF market," BT Wrap national distribution manager Jackie Boylan said.
Using the new portfolio tools, advisers will be able to tailor a blended portfolio made up of cash, managed funds and equities.
"The new model tools will drive efficiencies in the four areas that take up 67 per cent of an adviser's time, including tasks such as compliance, plan implementation and ongoing client reviews," Boylan said.
The enhancements also include a dealer group desktop, allowing advisers to create model portfolios for their clients.
The upgrade is part of BT's three-year equities program. The development program will cost about $18 million to complete.
The next phase of development will focus on the area of tax optimisation.
It is understood that Asgard is currently looking at BT Wrap's functionality and may adopt a customised version for its platform.
