BT has made some of Australia's leading fund managers give back nearly $2 million in rebates since it launched its Wrap Advantage program.
But no new managers or dealer groups have joined since its inception in March this year.
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.
The 15 fund managers are APN, Australian Unity, BlackRock, Challenger, Colonial First Estate, Deutsche Bank, Fidelity, Franklin Templeton, Lazard, Legg Mason, Portfolio Partners, T. Rowe Price, Tyndall, Zurich and BT.
The six dealer groups are Count Financial, Westpac Financial Planning, WHK Group, Genesys, DKN Financial Group and Wrap Account Limited (WAL).
The rebates are given to investors monthly and can be reinvested or withdrawn as cash.
BT Financial's head of wrap and wealth solutions Chris Freeman said the program sets BT apart from competitors.
"Through Wrap Advantage, we've been able to work with a handful of fund managers and dealer groups to provide an additional point of difference between the hundreds of managed funds available to investors through our platforms," he said.
BT Wrap is now in its tenth year.
