AXA Wealth’s overall funds under management (FUM) in the third quarter of 2015 rose by 14% to £30.4bn from £26.6bn a year ago driven by strong new business including notable growth in the corporate investment business.
While the firm’s specialist SIPP and investment platform saw FUM rise by 16% to £19.9bn during the quarter.
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Funds on its wrap platform were £10bn, a surge of 13% from £8.8bn in the year ago period.
At Architas, AXA Wealth’s multi-manager investment business, assets grew by 46% to £19.4bn from £13.3bn in the third quarter of 2014. Offshore fund under management for the quarter stood at £8.9bn.
AXA Wealth CEO Mike Kellard said: "Over the past five years we have grown assets for our pensions and investment business from around £15bn in 2010 to over £30bn, along with nearly £20bn in our multi-manager business.
"In the last quarter alone we’ve delivered a new set of online tools supporting advisers and clients with retirement planning. And we’ve launched a new Customer Services Academy, which puts customer service centre stage to continually enhance advisers’ experience of working with us.
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By GlobalData"With more government change ahead for the next year, we’ll be working with advisers to enhance our proposition in the areas that matter most to them – from adding model portfolio functionality, to improving our retirement offering and delivering consistently excellent customer service."
