AXA Wealth is planning to launch a new set of initiatives to support adviser firms’ businesses including functionality, preferential rates for professional indemnity insurance and assistance with asset migration.
In October, AXA Wealth’s Elevate platform will offer advisers new reporting capabilities at client and adviser levels and an upgrade to Portfolioscan 2.0 that provides complete analysis of a client’s Elevate account or a model portfolio.
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The new enhancements will enable advisers to maintain control of portfolio information and save time.
AXA Wealth has also teamed up with Aon Professional Services Group to provide adviser businesses preferential rates for professional indemnity insurance.
Underwritten by AXA Insurance, the insurance provides cover against FCA investigations or past business reviews, loss of documents and data and cover for cyber liability.
The partnership will also provide webinar support and training for advisers to manage risk and will also provide them up to 10% discount on rates.
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By GlobalDataAdditionally, AXA Wealth in partnership with Veracity Asset Transformation Service will also deliver support to advisers looking for asset migration.
Advisers will be able to use AXA Wealth’s Elevate platform to reduce the burden that asset migration brings including analysis, paperwork and administrative tasks.
Nick Lee, head of strategic partnerships, AXA Wealth, said: "AXA Wealth is committed to making investing easier, not just for end customers but also for advisers, to add value to their business propositions which in turn enhances the client experience."
David Thompson, managing director of Elevate, AXA Wealth, said: "We will always seek to link with third parties to offer advisers the best possible service as well as enhancing the usability of our Elevate platform. We have plans in place to further develop the back office integration, our existing Elevate client app to show client portfolio activities in real time, and plan to introduce flexible drawdown by April 2015."
