Axa Wealth insists it is ‘nimble’ and Budget ready

Axa Wealth assets under management grew 8 per cent to £25.9b in the 12 months to the end of March 2014.

Platform assets were up 30 per cent at the end of the first quarter, compared with a year ago, to £7.9bn.

AUM for the remaining Axa Wealth pensions and investment range totalled £18bin.

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Assets under management and advice also increased for Architas, Axa Wealth’s specialist investment business, up 7 per cent from £12.1bn to £13bn.

Mike Kellard, chief executive of Axa Wealth, said: “We strive to make investing easy for individuals and their families.

“The removal of the legacy business back in 2010 means we are a more nimble and agile business, able to respond to industry changes such as announcements in the recent Budget, so that investors can make the most of the flexibility and freedom it affords them.

“We are committed to continually improving the experience for our customers and advisers, which along with ongoing investment into the development of our product wrappers, investment platforms and range of fund options, will help us stand out from the crowd.”