Axa Wealth has posted a 48% increase in sales to £2.9bn for the first nine months of the year, driven by strong results from its Elevate wrap and multi-manager offering.
The group, newly-restructured following sale of its legacy book to Resolution, also said assets under administration (AUM) grew to £17bn. Its Elevate platform was a main contributor to this growth, seeing total funds - including sales from The One from Winterthur self invested on the platform - increase from £0.2bn at the start of the year to £1.6bn. "The market is changing fast and this creates opportunities for providers and advisers who are responsive, and can adapt to the changing landscape," says CEO Mike Kellard. The results come on the back of Elevate winning a contract wit...
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