Fund milestone announced by AXA Elevate

Friday, 18 June 2010 12:00

AXA has announced its Elevate platform has grown new funds under management to £1 billion since February this year.

A total of 550 independent financial adviser (IFA) firms are now on the platform.

It is the fastest growing such product in the UK and has had 250 new terms of business signed in the first five months of the year.

The organisation noted the continuing growth is recognition of improved functionality and on-the-ground support offered to IFA firms by Elevate.

David Thompson, managing director of wealth investments and distribution at the company, said the £1 billion milestone is helping lay "a strong foundation for future growth".

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