AXA Wealth’s overall funds under management (FUM) in the third quarter rose by 10% to £27bn from from £24.6bn a year ago.
The group’s total retail sales were up 3% to £2.5bn over the same period.
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Elevate from AXA Wealth, saw funds under management up 26% from £6.9bn to £8.8bn. Funds under management for the AXA Wealth pensions and investment range totalled £18.2bn.
Assets have also increased for Architas, AXA Wealth’s specialist investment business, up 6% from £12.6bn to £13.3bn.
Mike Kellard, CEO of AXA Wealth, commented: "Most people would agree that the last couple of years have been transformational for the industry. RDR brought with it fresh opportunities for the industry to re-connect with the public; and the sweeping changes announced in this year’s Budget were dramatic.
"While we’ve enjoyed another successful year so far at AXA Wealth, all of our focus is now on making sure we have one of the best retirement propositions in the market in response to the sweeping pensions and savings reforms.
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By GlobalData"We also need to deepen and broaden our appeal with advisers new and existing, through better engagement and improvements in our service and support. Our job is to work hard on the fundamentals to make financial planning and investing as easy as possible for advisers and their clients and families. We’ve come a long way but there is still a lot to do."
