Axa Wealth platform sales on Elevate increased 107% in H1, bringing total platform assets under administration at the end of Q2 to £2.9bn.
Elevate sales rose to £772m to reach 40% of all sales on Axa Wealth - up from 21% for the same period last year. Strong results from Elevate, in addition to the company's multi-manager offering Architas, helped push total AXA Wealth sales to £1.9bn. Architas saw total assets increase 48% to £8.6bn The group's ISA business was a particularly strong performer in the period, with sales growing 112% to £320m. Meanwhile, Axa Wealth assets under management increased from £15.6bn to £18.9bn. Additionally, funds under management for individual off-platform pension products grew from £4....
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