ESG managed accounts hit $16 bn

BT Panorama reached a milestone in growth of its managed accounts, as funds under administration increased by 31% to $16 billion, and new ESG options were added.

This calendar year the platform has launched new products including those managed by Vanguard, Watershed Funds Management and Quilla Consulting.

The firm says managed accounts can help advisers introduce greater efficiencies, including time savings, in their business.

BT added 94 managed portfolios in the 12 months leading up to 30 April 2024.

The total number of managed portfolios surpassed 400.

Head of managed accounts Zac Leman said: "We continue to build our offer for advisers on BT Panorama, to meet adviser demand for managed account solutions. The new additions just from this year demonstrate the breadth of products that are available on the platform.

"In particular, the various risk profiles of the diversified options cater to the needs of advisers who are looking for an efficient way to manage the investments of a wide-ranging client base."

The firm has added new diversified portfolio options as well as new ESG options.

This includes Vanguard Investments Australia's diversified managed account strategies, launched this week.

Vanguard head of financial adviser services, Rachel White, commented: "The addition of our diversified managed account strategies... represents a significant expansion of Vanguard's managed account offer via new distribution channels."

"Most importantly, it reflects the growing demand from advisers for gaining greater access to our diversified solutions."

Watershed Funds Management also launched four new managed accounts portfolios with exposure to international shares, Australian shares, emerging markets and income-focused allocations.

"It's been a busy start to the year," Leman said, "and with a strong product pipeline, we expect to see continued growth in managed accounts."

CORRECTION: An earlier version of this article misstated BT Panorama's funds under administration (FUA) for their ESG-focused managed accounts. We apologise for this error.

Read more: BT PanoramaWatershed Funds ManagementQuilla ConsultingRachel WhiteVanguard Investments AustraliaZac Leman