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Elevate links up to offer wider choice

Axa Elevate has partnered with Premier Asset Management and Richmond House Group to offer a range of discretionary portfolios.

It says by expanding the range of discretionary managers on the platform, the proposition offers advisers client-bespoke asset management in addition to a more simplistic model portfolio approach.

Axa Wealth UK Distributors managing director David Thompson says: “During the run-up to the RDR, we have witnessed an increasing number of advisers looking to outsource their investment solutions to various third-party discretionary fund managers. The flexible functionality of Elevate will support advisers as they look towards adapting their business models ready for the RDR.”

Last month, Axa announced the departure of Elevate managing director Martin Jennings and Axa Wealth head of customer experience Ian Thomas, along with around 20 staff who were made redundant in a company restructure.

Churchouse Financial Planning director Keith Churchouse says: “This is an area that is growing and will grow further after the RDR. As the advice market develops, people want more choice and I think this is a step in the right direction.”

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