Activam launches on BT Panorama, as managed accounts FUA grows by 18%
Jason Brown
BT has announced the launch of the Activam Group managed account on BT Panorama – adding to the 300-plus managed portfolios on BT Panorama.[1]
The launch of the new product continues the unabated growth of separately managed accounts (SMAs) on BT Panorama, with advisers showing a strong preference for investing in diversified portfolios in recent years. In 2018, the proportion of funds under administration (FUA) in managed portfolios on BT Panorama which were invested in diversified portfolios was 51%; since then, this proportion has steadily grown to 90%.3 Over 30 managed portfolios have been added to BT Panorama in calendar year 2023, all of which are diversified.
FUA in BT’s managed portfolios increased by 18%[2] in the year to 31 August 2023; and managed portfolios comprise 13% of BT Panorama’s total FUA (excluding Tailored Portfolios and Adviser Portfolios).
Activam Group is an investment firm with total funds under management and advice exceeding $5bn.
The new SMA will initially be made available for the client base of Right Advice Wealth Management, and is a continuation of the two-year relationship between the investment manager and financial planning firm.
Right Advice’s objective was to find a wealth management solution that provided investment opportunities in diversified asset classes, at a more competitive cost for their clients.
Jason Brown, Head of Distribution, BT, said: “BT aims to be the platform partner of choice and, as part of that, we assist with building the right product for advisers, alongside their investment partner.
It’s been great to work together with Activam Group on a solution that suits the specific needs of Right Advice’s clients – including transparent portfolios, efficient rebalancing, and faster execution of changes.”
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