Axa Wealth is set to enhance its Elevate platform to support advisers’ business propositions, including functionality, preferential rates for professional indemnity insurance and assistance with asset migration.
The October upgrade includes new reporting capabilities at client and adviser levels and an upgrade to Portfolioscan 2.0, providing in-depth analysis of a client’s Elevate account or of a model portfolio.
The firm is offering adviser businesses preferential rates for professional indemnity insurance through a partnership with Aon Professional Services Group and underwritten by Axa Insurance.
In response to the regulator’s finalised guidance on platform paper in July 2012, Axa Wealth is also offering to support advisers considering asset migration, but who may feel restrained by potential barriers such as resource and capacity. This support is given in conjunction with Veracity Asset Transformation Service.
Nick Lee, head of strategic partnerships at Axa Wealth, said: “We know from feedback that many advisers are embracing appropriate support that saves them time and adds real value to their propositions.”
David Thompson, managing director of Elevate, added: “We will always seek to link with third parties to offer advisers the best possible service as well as enhancing the usability of our Elevate platform.
“For example, we have plans in place to further develop the back office integration, our existing Elevate client app to show client portfolio activities in real time, and plan to introduce flexible drawdown by April 2015.”
