In a statement issued yesterday, the company described its Panorama operating system as a “new benchmark in wealth management” and “unprecedented”.
It also revealed that Panorama’s Cash Hub platform – a “full cash offering” with term deposits issued by Westpac-aligned manufacturers – “quietly launched a year ago” and has been gaining traction.
“Already funds under administration have exceeded $1 billion,” the statement said.
It also announced that managed portfolios have been added to Panorama, in a move anticipated to impact financial planner-client relationships.
“BT Panorama is resonating because it is being built and designed in response to the evolving client–adviser relationship where clients are demanding more control and advisers need holistic tools that bring their clients’ whole financial roadmap together,” said BT general manager, platforms and operations, John Shuttleworth.
“Over the next 12 months BT Panorama will expand its offering to include an extensive range of managed funds, individual equities, a complete SMSF capability and advanced portfolio management and modelling tools for adviser and dealer groups.”
