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Architas and Elevate growth sees Axa Wealth sales increase 54%

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Mike Kellard: Excellent growth for both Elevate and Architas

Axa Wealth saw a 54 per cent rise in sales across the business for the first half of the year, up from £1.69bn to £2.6bn.

Total assets under management increased 21.5 per cent, from £20bn to £24.3bn, with the Elevate platform seeing a 48 per cent increase in assets, from £4.3bn to £6.4bn. Adviser inflows on to Elevate increased 52 per cent, to £945m.

Fund arm Architas saw a 17 per cent increase in assets, from £10.8bn to £12.6bn.

The firm’s corporate arm saw a huge increase in sales, up 794 per cent to 903m, with assets under management up 49 per cent to £3.8bn.

Offshore bond sales increased 10 per cent, from £345m to £380m.

Axa Wealth says that if the impact of the closure of its bancassurance arm is excluded, a move revealed by Money Marketing in April, like-for-like sales increased by 68 per cent over the period. 

Axa Wealth chief exec-utive Mike Kellard says: “The results show how we are reaping the benefits of positioning our business to where the investment market is going, with excellent growth for both Elevate and Architas so far this year.”

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