Axa Wealth reports 53% increase in sales for 2013

The overall growth figure excludes sales from the bancassurance channel, the closure of which was announced on 15 April 2013. Total sales rose from £2.9bn to reach £4.5bn. Axa Wealth assets under administration grew 18%, from £21.6bn to £25.5bn over the 12 month period. Assets under management on the Elevate platform rose 41%, from £5.3bn in 2012 to £7.5bn. At Axa's mulit-manager arm Architas assets rose 13% over the same period, from £11.3bn to £12.8bn. AXA Wealth chief executive Mike Kellard (pictured) commented: "Confidence in the economy has increased and we have continued t...