Axa Wealth sales up in Q3 as funds under managment swell 10%

clock

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

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers expecting more of asset managers since Consumer Duty

Advisers expecting more of asset managers since Consumer Duty

‘We actually need to understand one another better’

Hope Coumbe
clock 27 March 2024 • 1 min read
Fears tech limitations could stall MPS on its upward trajectory

Fears tech limitations could stall MPS on its upward trajectory

‘There have been a few changes and challenges around growth in general’

Hope Coumbe
clock 27 March 2024 • 1 min read
Partner Insight: Beyond 60/40

Partner Insight: Beyond 60/40

Invesco
clock 27 March 2024 • 5 min read