AXA Wealth Platform Sales Up 87 Percent
Posted on:
01
Nov
2011
by Huw Thomas
Platform business now represents 41 percent of all sales, with assets under administration of £3.1 billion at the end of Q3.
The latest results from the company show a significant rise in platform business, which made up just 23 percent of total sales in the same period last year. Elsewhere, specialists investment arm Architas also posted strong results, raising its assets 33 percent to £8.7 billion. ISA sales also saw impressive growth, climbing 95 percent to £452 million.
Commenting on the results AXA Wealth CEO Mike Kellard said: “Like other companies, the equity markets over the summer have had an impact on our overall assets, which would have been even higher if we had not experienced the market volatility. AXA Wealth is however still firmly on track to grow assets to £45 billion by 2015, which it will do around a clear strategy built on the three pillars of platform, customer experience and specialist expertise.
“Many wrap providers are behind the curve with regards platform usability, partly owing to them still having a hill to climb to get them RDR-ready. As AXA Wealth is already prepared for RDR, in 2012 we are able to focus on making make Elevate not only a comprehensive online business solution for advisers, with rich and ‘RDR-ready’ capability, but also a new platform user interface that is intuitive and simple to use.”
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[...] Ifa Magazine AXA Wealth Platform Sales Up 87 PercentAXA Wealth Platform Sales Up 87 Percent Posted on: 01 Nov 2011 by Huw Thomas. Platform business now represents [...]
[...] Ifa Magazine AXA Wealth Platform Sales Up 87 PercentAXA Wealth Platform Sales Up 87 Percent Posted on: 01 Nov 2011 by Huw Thomas. Platform business now represents [...]