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Axa Elevate to waive platform charge on Architas funds

Axa is to reward clients who invest in Architas funds through the Elevate platform between now and the end of 2011.

The offer will see clients’ Elevate platform charge waived for the life of the investment provided it is held until the end of 2012.

The offer is available to clients who invest through the unbundled pricing model on Elevate.

The firm says there will be further opportunities to subscribe to similar discounts in 2012 in quarterly investment periods.

Axa Wealth UK Distributors managing director David Thompson (pictured) says: “We have a loyal following of IFAs who place business with Architas through Elevate, and the new offering will reward our customers through the ability to access Architas’ multi-management expertise and the explicit charging capability of Elevate.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. If there is a loyal following, why cut margin on the wrap to nil. It just pushes the payback period out even further and jeopardises the chances of survival.

    Or perhaps the following isn’t quite that strong?

  2. It shows how profitable Architas is!

    AMC of 1.5% and TER 2.4% for their multi-manager funds.
    Anyone know what the charge is when accessing it through elevate with and without their fee?

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