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Axa Elevate links with 1st The Exchange

AXA’s Elevate wrap platform is now integrated with the 1st The Exchange’s client management system Adviser Office.

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.”


McPhail fears FSA will lose patience on Omo

The FSA is losing patience with the industry over the open market option and is likely to force change in the next year, says Hargreaves Lansdown head of pension research Tom McPhail.

Price of performance

I have been told that investment in passive funds can be a great deal cheaper than active funds. However, there is so much terminology used to describe the charges that I am totally confused. What is the difference between the annual management charge and the total expense ratio? Does the total expense ratio actually describe the total costs applicable to a fund?

Large-cap growth alpha thesis: seeking risk-adjusted excess returns

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