BT Wrap today launched their model portfolio enhancements to support advisers with the increasing complexity and costs resulting from the explosion of self managed super funds and increasing investor demand for equities.
Chris Freeman, Head of BT Wrap, said the model portfolio enhancements reinforce Wrap‟s position as market-leaders in the platform market.
“Our product innovation program truly sets us apart from our competitors,” Chris said.
“By working closely with our advisers, we know the trend towards more highly personalised service and tailored portfolios brings with it higher administration costs, increased compliance risks and time pressures.
“Model portfolios delivers a solution that allows for a more efficient, controlled and cost-effective way to create, customise and manage client portfolios.”
“The model portfolio enhancements, which work in any compliance regime, and the launch of a new Dealer Group DeskTop provide dealer groups greater comfort and control and advisers streamlined efficiency.”
Chris said the enhancements were part of BT Wrap‟s three-year development program, an investment of more than $18 million.
“This program really sets the benchmark for platform innovation and has already delivered a listed securities trading centre, SMSF administration enhancements and multiple client bulk trading,” he said.
“We‟ve continued our client-centric approach to the development of our platform by working with advisers and their staff to anticipate their needs – an approach that supports our commitment to maintaining a market leading Wrap platform.”
The enhancements will be launched to Wrap‟s Dealer Group partners on Monday, 20 September and all advisers on Monday, 11 October:
- Monday, 20 September – New Dealer Group Desktop The new intuitive Dealer Group DeskTop allows Dealer Groups to create model portfolios for their advisers, control adviser model access levels, and monitor model portfolio usage. This capability delivers increased control and oversight of the advice process.
- Monday, 20 September – New trading and ‘order status’ enhancements New real time cash updates for equities mean advisers can re-invest the proceeds from equity sales in the equities market without delay. The new ‘order status’ screen allows advisers to view all equities and managed funds orders for a single client– or across all clients.
- Monday, 11 October – New Model Portfolio tools The new Model Portfolio Tools allow advisers to link their clients to appropriate model portfolios containing equities, managed funds, cash or a hybrid of the three, and to tailor the blended portfolio for individual client preferences including substitutions, locked and excluded holdings The integrated rebalance and trading functionality makes it easy for advisers to implement portfolio transactions. This capability streamlines the advice process, enabling advisers to spend more time strengthening client relationships and less time on administration.