BT plans to leverage off adviser demand for multi-manager products by including four products on its Wrap Advantage program.
BT Wrap Solutions head Chris Freeman said growing adviser demand for cost-effective multi-manager products was the main driver behind the group's decision.
"Advisers are increasingly turning to multi-manager funds to provide clients with diversity in a cost-effective manner," Freeman said.
"The addition of BT's multi-manager funds to our Wrap Advantage program not only delivers cost savings to investors, but enables us to bring investment managers and dealer groups together to increase efficiency and improve service to thousands of advisers and investors."
BT also intends to rebate fees to clients on the four multi-manager funds.
Freeman said the 10 basis point rebate on the company's four multi-manager funds would mean around $400,000 would be returned to investors in the next 12 months.
BT's latest rebate offering is the company's second for the year. Earlier this year it returned more than $2.4 million in rebates.
"The additional fee rebate will deliver an extra layer of value for advisers and investors to consider when selecting an appropriate multi-manager fund as part of their investment portfolio," he said.
BT's wrap platforms are used by more than 5000 advisers and almost 120,000 investors, and represent over $39 billion in funds under administration. BT's platforms recorded the highest net flows in the September quarter, according to Plan for Life.
Wrap Advantage is a deal between fund managers and dealer groups that offers a 10 basis point rebate on 65 managed funds through BT's wrap accounts.
