BT Wrap announces model portfolio changes

BT Wrap announces model portfolio changes

BT Financial Group has introduced bulk linking and rebalancing to its BT Wrap model portfolio offer for dealer groups and financial advisers.

The changes will enable advisers to rebalance multiple clients at the same time, reducing administration time, according to a statement from the Westpac-aligned financial services company.

They will also allow advisers to set limits at a model portfolio level and tailor to individual clients as well as monitor account requirements for rebalancing using tolerance reporting at the model portfolio level, BT Financial said.

Research commissioned by BT shows close to 70 per cent of Australian advisers now use model portfolios, estimating that model portfolios can reduce the time spent on regulatory compliance and administration by 75 hours.

BT Financial Group head of platforms Kelly Power said she is excited about the continued improvements BT is making to BT Wrap and the ways in which advisers are embracing them.

“We do not take our leading market position for granted, and we are focused on enhancing our platforms, consistently offering market leading service and customer experiences,” she said.

BT Wrap announces model portfolio changes
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