SEARCH
BT Panorama quarterly results highlights ‘value of advice’
BT Panorama quarterly results highlights ‘value of advice’
The platform has released its results for the March 2022 quarter.
On Wednesday, 20 April, BT Panorama reported a 112 per cent growth on pcp for funds under administration (FUA), recording $105 billion.
It also saw a 57 per cent increase on managed accounts FUA ($10.9 billion) due to increasing adviser demand, while 10 new managed portfolios were added to the platform in the March quarter alone.
As of March 2022, BT Panorama boasts 6,069 active advisers and 236,742 active accounts; an increase of 105 per cent.
In a statement, BT Financial Group chief executive Matt Rady said the results show that “2022 has seen the value of advice brought into sharp focus”.
“Locally, businesses continue to see supply chain disruptions and staff shortages, particularly in the services sector. The ‘hot’ property market has begun to slow as affordability becomes stretched and analysts are forecasting four cash rate hikes by the RBA before the end of the year,” Mr Rady said.
“The recent federal budget and upcoming election add additional complexity.
“The significant uncertainty we have seen this quarter reaffirms just how important the work advisers do to help Australians have their best financial futures. I am passionate about BT being the partner of choice to help advice practices thrive.
“The future is bright.”
Meanwhile, ESG-focused managed portfolios FUA also jumped by 130 per cent on the back of the Lonsec diversified suite of managed portfolios, launched in November last year.
About the author
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. Neil is also the host of the ifa show podcast.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
