The move will allow wrap users to carry out automatic valuations and receive electronic commission statements.
Axa director of marketing and distribution Martin Jennings says: “Throughout the development of Elevate, we have taken a consultative approach working with our adviser partners to create a proposition built around their needs.
“Smooth integration between front and back office applications is clearly imperative, hence our decision to work with 1st – The Exchange and ensure our technologies speak the same language.”
1st strategy and business development manager Paul Yates says: “For many firms, manual valuations and commission reconciliation can be laborious tasks, filled with the potential for error.
“By joining forces, Elevate and Adviser Office will help solve these problems – giving advisers a powerful solution to not only streamline the process but significantly cut time and costs.”