The Axa Elevate platform is an open architecture platform, providing access to a range of assets and investment vehicles, with more than 2,800 funds from in excess of 140 fund managers. As of June 2013 it has £6.4bn of assets under management, marking an increase of 48 per cent from the end of 2012.
Axa Elevate offers a suite of tools and services, aimed at helping users to research funds and investments and reduce admin time. These tools also allow for clients’ attitudes towards risk to be assessed via a risk profiling tool powered by eValue FE, resulting in a recommended risk rating and optimised asset allocation.
The platform is in the process of adding a further 1,000 clean share classes to its offering. This move will mean there are nearly 3,000 clean share classes on the platform. Managing director David Thompson expects the percentage of Axa Elevate inflows going into clean share classes to increase, as a result of HMRC’s announcement that platform rebates are going to be taxed. Despite this announcement, Axa Elevate will continue to offer bundled funds.
Analysis about Axa Elevate
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