Assets on AXA’s wrap platform Elevate grew by 50% over the last year to hit £6bn ($9.29m), boosted by increased IFA sales of £39m in the first quarter of 2013.
In addition to the growth in assets under management (AuM), total sales for IFA business on Elevate also rose by 28% to £397m.
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AXA Wealth’s Architas business saw assets increase by 13% to £12.1bn from £10.7bn.
Axa Wealth’s offshore bond AuM grew by 9% to £8.7bn at the end of the first quarter, compared to the same quarter in 2012.
The pensions and onshore bonds AuM rose 19% over the same comparative period from £8bn to £9.5bn.
AXA Wealth CEO, Mike Kellard, said: "This quarter’s results are the first barometer of whether AXA Wealth’s RDR strategy has been successful, and overall it is a very pleasing picture."
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