This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Paradigm to become Nucleus shareholder as it seals Axa Elevate deal

  • Print
  • Comment

Paradigm is to become a shareholder in IFA-owned wrap Nucleus and at the same time is adopting Axa Elevate as a strategic partner platform.

The IFA firm has extended its deal to white-label Nucleus to power its platform by five years but says it will also use Elevate.

A letter sent this week by Nucleus IFA Advisory Board chairman John Moore to Nucleus shareholders says: “The arrangement will result in Paradigm and the Paradigm IFAs becoming shareholders in NIFAC in due course. Furthermore they have negotiated a commission-sharing deal with Axa Elevate for those IFAs wedded to using a major life company platform.”

Chief executive Paul Hogarth (pictured) announced the Axa Elevate deal at the Paradigm Partners conference in Marbella today.

Hogarth says: “This is a significant partnership and has been introduced in response to demand from members for another provider to be added.”

Nucleus chief executive David Ferguson says: “Paul Hogarth and his team have been friends of Nucleus since our early days and we share a very positive vision for a post-RDR world.”

Axa Wealth UK Distributors managing director David Thompson says: “The partnership with Paradigm is a significant development in the evolution of the Axa Wealth business.”

Paradigm recently announced SEI is to power its corporate platform which will go live in December.

  • Print
  • Comment

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

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

Fund Data

Editor's Pick


Do you see the value in adviser trade bodies?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments