BT launches new wholesale funds on platform
BT Financial Group has launched a series of wholesale funds which it says will enable advisers to build diversified portfolios at a “lower cost” for clients.
BT acting head of platforms Lisa Gavin said the launch of the new Wholesale Plus Fund series is an effort to “add value for advisers” and reduce the cost of investing for clients.
“Advisers have told us their clients are seeking lower cost, quality investments and we have partnered with a number of leading fund managers to deliver exactly that,” Ms Gavin said.
“Clients are telling their advisers that fees are a key driver in their investment decisions and we believe we’ve delivered a very competitively priced fund series that will appeal to a broad range of clients,” she said.
BTFG said the Wholesale Plus Fund series includes “well-rated funds” classified either as ‘recommended’ or ‘highly- recommended’.
“These funds are essentially the same as the underlying wholesale funds but have a lower management fee and are only available on BT platforms for investment, pension and superannuation clients,” a statement from BTFG said.
“[The fund] series includes some of the best-rated and most popular wholesale funds in all the major sectors and will enable advisers to build a diversified portfolio of quality funds at a lower ongoing investment cost.
“The Wholesale Plus Fund series is now live on BT platforms and will be available on Asgard in early December,” BTFG said.
Labor likely to block FASEA extension
EXCLUSIVE Financial advisers are being urged to lobby for the opposition and cro...
Avaloq releases cost and fee analytics offering
Avaloq has launched a data analytics solution aimed at helping advisers gain tra...
Allianz Retire+ rolls out new advice project
Allianz Retire+ has entered into a research partnership with Macquarie Universit...