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Axa Wealth sees sales increase 53%

Axa Wealth has reported a 53 per cent in sales to £4.5bn in 2013, from £2.9bn the year before.

The figures do not include sales from the bancassurance channel, the closure of which was revealed by Money Marketing last April.

Overall assets grew 18 per cent from £21.6bn at the end of 2012 to £25.5bn at the end of 2013.

The Axa Wealth Elevate platform saw assets under management grow 41 per cent from £5.3bn to £7.5bn.

Assets under management increased for Architas, its fund manager, grew 13 per cent from £11.3bn to £12.8bn.

Axa Wealth chief executive Mike Kellard says: “Confidence in the economy has increased and we have continued to outperform the market in terms of growth and last year’s results give us a strong basis from which to build.

“This is what 2014 will be about for us – leveraging our success and investing further to enhance our strategy of delivering flexible, functionally-rich yet straightforward investment platforms in the UK.”

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