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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.”

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

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