AXA Elevate assets rise 50% to £6bn

AXA Wealth's Elevate platform has seen assets under management increase 50% from £4bn to £6bn, according to its first quarter results.

The business also reported a 13% rise in assets in its specialist multi-manager business Architas. It said AUM rose from £10.7bn to £12.1bn. Overall assets at AXA Wealth rose by 20% from £20bn to £24bn.   Sales at the firm grew 79% to £1.6bn. It said this indicated a strong first quarter for the business, which developed a "tailored approach to market in the lead up to the RDR with a commercial focus developed for each of its core business areas, each of which were early to adopt adviser charging".   Total sales for IFA business on Elevate also rose by 28% to £397m. March saw the be...