AXA has integrated its wrap platform, Elevate, with front-to-back office system, Intelligent Office offering users automatic valuations on a daily basis.
It says advisers can also receive electronic commission statements for automated reconciliation and reporting.
Paul McMahon, managing director, AXA Distribution Services, says: “This is not new functionality for the sake of it. Our phased and consultative approach to the launch of Elevate demonstrates our beliefs that wrap platforms must be built around adviser's needs.”
AXA says the move has the potential to be a model for the industry as a whole being time-saving, easier to use and safer.
Nick Eatock, chief executive officer at IntelliFlo, says: “This level of integration truly shows how well platforms and front/back office systems can work together if both providers are intent on providing a best-of-breed approach.
“More traditional, disconnected solutions start to look impractical in comparison.”
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