Retail sales at AXA Wealth were up 3% to £2.5bn in the third quarter, with funds under management hitting £27bn, while the group's platform saw assets grow by over a quarter year-on-year.
AXA Elevate, the group's adviser platform, saw funds under management grow by 26% from £6.9bn in Q3 2013 to £8.8bn. Funds under management for Axa Wealth pensions and investments totalled £18.2bn. The group had already said in August platform assets had topped £8bn in the first half of the year. Assets also increased for Architas, AXA Wealth’s specialist investment business, which were up 6% from £12.6bn to £13.3bn. Chief executive Mike Kellard said: “Most people would agree that the last couple of years have been transformational for the industry. RDR brought with it fresh opportu...
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