Axa Elevate cuts platform charges for high net worth clients

The new portfolio charge available is 0.25% for £1m or more, down from 0.28%, 0.15% for £2.5m or more, down from 0.22%, and 0.10% for portfolios over £5m, previously 0.22%. Clients are charged the lowest price they qualify for on their total investment on the platform. Charges on portfolios valued at less than £1m remain unchanged. AXA Wealth managing director David Thompson (pictured) said: "These new reduced charges, available immediately, fit neatly with our transparent pricing model. "Given the strength of the business we are now in a position to make the charges for larger ...