BT Financial Group (BTFG) has boosted its BT Wrap Essentials platform in response to adviser and client demand for simpler products, quality investment options and easy administration.
The new enhancements include 33 new funds, many of which are highly rated by research houses van Eyk Research and Lonsec, BTFG said.
New asset classes, fund managers and multi-manager funds will also be made available on BT Wrap Essentials.
A simpler insurance application that allows $1 million cover through 11 questions will be provided, BTFG said.
There will also be an application process that places initial trades, sets up regular gearing and regular investment plans in a single step.
BT Wrap Essentials will also have the processing power and administration expertise of BT Wrap, BTFG said.
BT Wrap head Chris Freeman said adviser demand for easy access to investment essentials for their wealth accumulator and Gen X clients drove the platform review.
"Given the recent volatile economic conditions, advisers are seeing more demand for simplicity especially for their clients with less complex investment needs," he said.
"Ultimately, advisers want their business positioned for long-term growth, so platform providers need to provide a simple solution that is adaptable and can cater to this client segment."
BTFG is owned by Westpac, Australia's second-biggest bank by market value.
