Retail sales at Axa Wealth were up 3% to £2.5bn in the third quarter with funds under management at the firm swelling by 10% to £27bn.
The company’s platform, Elevate, also saw funds under management grow by 26% from £6.9bn to £8.8bn when compared to Q3 last year. Funds under management for Axa Wealth pensions and investments totalled £18.2bn. Assets also increased for Architas, AXA Wealth’s specialist investment business, which were up 6% from £12.6bn to £13.3bn. Chief executive Mike Kellardsaid: “Most people would agree that the last couple of years have been transformational for the industry. RDR brought with it fresh opportunities for the industry to re-connect with the public; and the sweeping changes announced ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
