Australian wealth manager BT Financial Group has launched a new adviser hub, BT Open Services, which offers advisers and licensees a range of services to support their advice practices. This follows the launch of BT Open in July, which included the introduction of pricing changes across investment platforms.
BT Open Services is open to all advisers and licensees irrespective of whether they have a relationship with BT platforms, it said in a statement.
Practice owners, advisers and support staff can register online to access a range of practice services including; Australian Financial Services Licence (AFSL) transition support, ASFL responsible manager support, customisable client marketing, technical support, governance support as well as insights and a schedule of educational and networking events.
Phil Butterworth, head of BT Open said: “BT Open Services offers advisers and licensees access to BT services and negotiated rates with third party providers to support the advisers’ business capability.”
Pricing
The hub has a pricing framework for adviser services, with advisers paying for the services they choose to use.
In addition, advisers and practices will have access to negotiated pricing with third party service providers. These third parties provide services including research, compliance support, training, professional indemnity insurance and advice software support.
Butterworth added: “We know advisers can spend a lot of time sourcing different services and third-party providers which can be time consuming for their business. BT Open Services improves efficiencies by bringing together these services in one hub, so advisers can focus on what they do best, helping clients and running their business.
“We’ve unbundled the traditional adviser services offering so advisers can pick and choose services to support their practice. We will broaden the offer over time as we continue to meet the preferences and needs of advisers and licensees.”
Community
In addition, self-licensed businesses can join the BT Open Principals’ Community, where they can be part of a network of advice professionals.
The head of BT Open said: “BT has a long history of supporting advisers and is proud to have partnered with hundreds of advice businesses over the years. And the introduction of BT Open Services is the next step in supporting advisers and licensees to successfully run the wealth practices of the future.”
