View more on these topics

Axa Wealth sales up 79%

Mike Kellard
Mike Kellard

Axa Wealth has increased sales by 79 per cent to £1.6bn in the first quarter of 2013. 

Total assets under management rose by 20 per cent to £24bn in the first quarter, compared to £20bn in Q1, 2012.

Total sales for its Elevate platform rose 28 per cent to £397m, while total assets on the platform increased 50 per cent to £6bn, up from £4bn in 2012.

Offshore AUM grew 9 per cent to £8.7bn, up from £7.9bn in the same period in 2012.

Axa’s investment management arm Architas increased assets by 13 per cent to £12.1bn.

Pensions and onshore bond AUM rose 19 per cent to £9.5bn, up from £8bn. The firm’s corporate investment service business increased assets by 48 per cent to £3.9bn.

Axa chief executive Mike Kellard says: “While the strength and appeal of the Elevate proposition remains core to our business development, 2013 will also see an enhanced focus on our specialist product range.

“The AXA Wealth business was well prepared for the RDR which has given us a strong basis to continue to evolve and develop the business for the years ahead. This first quarter’s results show we are very well placed to continue achieving this.”


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. How will next years figures look without Bancassurance peddling Elevate/Architas…

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm