Axa Wealth saw its sales drop slightly in Q1 year-on-year, although its platform business continued its expansion, now representing 50% of all individual sales.
Total sales to 31 March 2012 totalled £845m, down 11% from the same period last year. However, it experienced a 14% uplift in sales on its platform, Elevate, to £426m, with total assets now up to £4bn. Meanwhile, its specialist investment company Architas saw total assets rise 37% to £10.7bn. Overall, assets under management within the business grew from £18.6bn to £20.1bn. Mike Kellard, chief executive of AXA Wealth, said: "The markets may well be 'schizophrenic' in the words of the IMF, but AXA Wealth is still experiencing strong appetite from investors who, I believe, can see...
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