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...
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