Barclays DPM service launched on Elevate platform
Barclays’s discretionary portfolio management service is now available on Axa Wealth’s Elevate platform, Bryan Parkinson has announced.
Five actively managed portfolios, which were launched in April, can now be accessed on the platform.
Each portfolio is fully diversified across nine asset classes, ranging from cash & short-maturity bonds to alternative trading strategies, and invests in a combination of active and passive funds providing investors with the benefits of both, and have corresponding levels of risk.
Mr Parkinson, director of intermediary sales at Barclays, said: “Since we launched the discretionary management service earlier this year, we have been very encouraged by the interest from the industry and this has reinforced our commitment to make our offering as accessible as possible. The addition of AXA Wealth’s Elevate platform is therefore a great step forward to offer the service to the broader intermediary market.”
Mark Wilkinson, head of product at AXA Wealth, added: “We are committed to offering clients a range of investment choices, particularly in light of on-going market volatility. Built with the RDR in mind, Elevate has had a strong start to the year, with over £4bn in assets on the platform and the addition of the Barclays DPM service makes using Elevate an even more attractive solution.”
Oliver Gregson, director of investment management at Barclays said: “The benefits of investing with one of the leading wealth managers in the UK are increasingly attractive in the market today. The opportunity to partner with a leading provider of investment solutions for individuals and access our proprietary approach to portfolio construction is one we are increasingly seeing as being recognised by intermediaries and their clients.”