Axa Wealth has said it has "resolved" functionality issues on its wrap proposition Elevate which has now reached £4bn assets under management (AUM).
The company said the wrap's AUM had increased 14% since the start of the year. This follows growth in AUM from £320m in Q1 2010 to £3.5bn by the end of 2011.
It added Elevate's "original system performance and functionality limitations" have been "resolved" following a decision in 2010 to put platform developments at the top of the agenda.
Last month the firm signed a new agreement with technology provider FNZ, designed to secure the platform's future and accelerate its development.
The company has also launched a programme aimed at upgrading the wrap's functionality, with plans to introduce a new user interface and enhanced usability.
"Over the last 12 months, we have seen significant improvements in the functionality, usability and proposition of Elevate and now, in my view, have one of the most advanced platforms on the market," said Axa Wealth managing director of distribution and marketing David Thompson (pictured). "And there is a lot more to come."
Meanwhile, Axa Wealth's direct platform proposition - Axa Self Investor - launches this summer, backed by a UK-based telephone support team.
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