BT Panorama now has more than $10 billion in funds under administration, partly attributable to IFA demand.
Announcing the milestone yesterday, BT said in a statement that the growth on the company's flagship platform has more than doubled in the past year, up 138 per cent or $5.4 billion.
There are over 3,500 advisers and 21,750 investors registered on BT Panorama, said the statement.
BT Panorama has also seen strong uptake among IFAs, with a 279 per cent increase in new active accounts by non-aligned advisers.
"[We have] doubled the number of IFA registered advisers (up 108 per cent), with a 128 per cent increase in FUA from IFA practices," said the statement.
BT chief executive Brad Cooper said the completion of the advised BT Panorama offer in March 2017, which included integration with super and insurance, has driven much of the growth.
"While we’re extremely proud of what BT Panorama has achieved to date, we continue to listen to and act on the valuable feedback we’re receiving from investors and advisers," Mr Cooper said.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 24 Jan 2019Former Dover and Synchron adviser banned for five yearsBy Eliot Hastie
- 24 Jan 2019Very few Australians save and even fewer invest their moneyBy Reporter
- 24 Jan 2019Advisers undercharging clients for efforts, says CEOBy Adrian Flores
- 23 Jan 2019Adelaide adviser permanently banned from industryBy Eliot Hastie
- 23 Jan 2019Bowen slams ‘woeful’ handling of royal commissionBy James Mitchell
- 23 Jan 2019Gender super gap lower but still at 34%By Adrian Flores
- view all