BT expands Panorama managed portfolios menu
BT has expanded the number of managers available via Panorama's managed portfolio menu with the addition of Evans and Partners, UBS, Antares and Hyperion.
Commenting on the expansion, general manager of BT's platforms and operations John Shuttleworth said increasing the managed portfolio offering was always part of the company's plans.
"We are committed to delivering a comprehensive solution so that investors, advisers and their clients are able to use one operating system to meet all their investment needs," he said.
"Boosting the managed portfolio offering is important as we know advisers are increasingly using this investment vehicle as it provides expertise and diversification, while saving valuable time spent on administration – time that advisers can instead spend with their clients or generating new business."
In a previous update, Mr Shuttleworth said over the long term the wealth management business will be looking to transition all its Asgard and BT Wrap clients on Panorama.
"Once we have completed the whole build we will be looking progressively about how we will move our existing customers over to the new technology platform," Mr Shuttleworth said.
"We have not made a decision on whether or not to maintain two brands in the market. We will decide this as part of our migration strategy in consultation with our customers.
"There are no client impacts because the legal entities in everything stay the same. But effectively what we are doing is we are refreshing and upgrading all the underlying technology... [and] all those existing members will get a far better experience," he said.
BT added that in 2015 it will also be launching Panorama's self-managed super fund solution.
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