This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Investments

AxaWealth cutting jobs in shake-up

  • Print
  • Comment

Axa Wealth is segmenting its IFA clients as part of a restructure which puts 50 jobs at risk and will see the number of regional managers cut from nine to five.

Around 50 front-line sales roles are likely to be affected by the move. Axa says it is moving away from adviser support based on sales to a more tailored approach.

The restructure will mean the creation of a new team responsible for handling Axa Wealth’s bigger corporate accounts such as networks and a separate relationship management division for existing users of Axa’s Elevate wrap. Advisers will have a partnership manager to act as a single point of contact.

A third division will cater to advisers specialising in offshore business, while a fourth division will be responsible for new business development.

Axa Wealth managing director of marketing and distribution David Thompson says: “Our focused approach will mean we can offer specialist support in the areas that advisers say they need it most.”

Evolve Financial Planning director Jason Witcombe says: “It makes sense to offer more dedicated specialist support for different types of advisers.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments