AXA Distribution Services is set to enhance the model portfolio functionality on its Elevate platform to include all tax wrappers and third party products. The client service has also been updated to be used with both advisory and discretionary advice models.
Through Elevate, client portfolios can be constructed either on an individual basis or for multiple clients with similar investment needs. The service features a rebalancing tool to assist advisers in maintaining an appropriate asset allocation on an ongoing basis, while for simplified administration funds can be switched in bulk. However, advisers can maintain control over the number of clients and which product wrappers the switches apply to, as well as the application of charges. "The model portfolio functionality is designed to help make the provision of high-quality financial planni...
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