Axa Wealth has reported significant growth on its Elevate platform, with assets up 51% from £3.5bn to £5.3bn.
Its full year results for 2012 also showed assets at its specialist investment company Architas were up 20%, from £9.4bn to £11.3bn. The firm said strong investment performance saw inflows across both active and passive offerings, with particularly strong growth in the multi-asset passive fund range.
Overall sales at Axa Wealth totalled £3.3bn. Overall assets were up from £18.9bn to £21.6bn.
Mike Kellard, chief executive officer, AXA Wealth, said: “The AXA Wealth business was structured with the RDR in mind, with both our wrap business through Elevate, and specialist individual products business, built on a tailored model to support different customer groups.
"This approach is to ensure we offer strong service to our advisers with genuine focus, rather than a ‘one size fits all’ approach allowing advisers to choose which clients are suited to a wrap account and which just need a particular tax wrapper in order to accommodate this flexibility."
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