Platforms  

Axa shows strong results as confidence rises

The chief executive of Axa Wealth said there were signs of recovery, helping the company to continue to invest in its platforms over 2014.

Mr Kellard said: “Confidence in the economy has increased and we have continued to outperform the market in terms of growth. Last year’s results give us a strong basis from which to build.

“This is what 2014 will be about for us – leveraging our success and investing further to enhance our strategy of delivering flexible, functionally rich yet straightforward investment platforms in the UK.”

This came as Axa Wealth announced that its assets rose 18 per cent to £25.5bn, with sales of £4.5bn, representing a growth of 53 per cent.

The Axa Wealth Elevate platform saw its assets under management up 41 per cent from £5.3bn to £7.5bn, while AUM for the Axa Wealth Specialist Products range increased 11 per cent from £15.7bn to £17.4bn.

AUM and advice also increased for Architas, Axa Wealth’s specialist investment business, up 13 per cent from £11.3bn to £12.8bn.

Adviser view

Mel Kenny, IFA for London-based Radcliffe & Newlands, said: “Given the recent performance of stock markets combined with Axa’s focus on attracting new client money, it’s no surprise that the company has turned out these results.”

Key Figures

Total AUM: £25.5bn

Axa Wealth Elevate AUM: £7.5bn

Architas AUM: £12.8bn