Tuesday, 30 October 2012 10:37
AXA Wealth sees positive results against challenging backdrop
AXA Wealth has seen its Elevate platform grow by 55 per cent over the past 12 months, according to its Q3 results today.
Elevate platform assets were up from £3.1bn in Q3 2011 to £4.8bn in Q3 2012. Total Elevate sales rose by nine per cent to £1.2bn.
Specialist investment company Architas saw assets rise by 30 per cent from £8.7bn to £11.3bn. The Architas fund range now offers clean share classes and wide range of passive investments to hedge against investment market downside.
Total assets under management at AXA Wealth, a sponsor of the Institute of Financial Planning, grew from £18.3bn to £21.0bn.
Mike Kellard, chief executive of AXA Wealth, said the firm had worked hard to achieve the results in the current economic climate.
He said: "While AXA Wealth's Q3 results are strong, we have had to work very hard in the current climate; not only have we had to focus on making our RDR proposition one of the most comprehensive and compelling in the market, we have needed to further strengthen our relationship with key advisers and to explore ways to make working with us as easy as possible.
"We are grateful for the support that our adviser partners have given us against a challenging economic background."
Elevate platform assets were up from £3.1bn in Q3 2011 to £4.8bn in Q3 2012. Total Elevate sales rose by nine per cent to £1.2bn.
Specialist investment company Architas saw assets rise by 30 per cent from £8.7bn to £11.3bn. The Architas fund range now offers clean share classes and wide range of passive investments to hedge against investment market downside.
Total assets under management at AXA Wealth, a sponsor of the Institute of Financial Planning, grew from £18.3bn to £21.0bn.
Mike Kellard, chief executive of AXA Wealth, said the firm had worked hard to achieve the results in the current economic climate.
He said: "While AXA Wealth's Q3 results are strong, we have had to work very hard in the current climate; not only have we had to focus on making our RDR proposition one of the most comprehensive and compelling in the market, we have needed to further strengthen our relationship with key advisers and to explore ways to make working with us as easy as possible.
"We are grateful for the support that our adviser partners have given us against a challenging economic background."
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