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February 25, 2014updated 04 Apr 2017 2:29pm

AXA Wealth sales surges by 53% in 2013

AXA Wealth has reported that its sales rose to £4.5 billion in 2013, an increase of 53% on the £2.9 billion in 2012.

By Verdict Staff

AXA Wealth has reported that its sales rose to £4.5 billion in 2013, an increase of 53% on the £2.9 billion in 2012.

The firm’s AUM grew 18% from £21.6 billion at the end of 2012 to £25.5 billion in last 12 months.

The AXA Wealth Elevate platform saw assets under management (AUM) up 41% from £5.3 billion to £7.5 billion.

Also, AUM for the AXA Wealth Specialist Products range increased 11% from £15.7 billion to £17.4 billion. Assets under management and advice also increased for Architas, AXA Wealth’s specialist investment business, up 13% from £11.3 billion to £12.8 billion.

Mike Kellard, chief executive officer, AXA Wealth, commented: "Confidence in the economy has increased and we have continued to outperform the market in terms of growth and last year’s results give us a strong basis from which to build.

"This is what 2014 will be about for us – leveraging our success and investing further to enhance our strategy of delivering flexible, functionally-rich yet straightforward investment platforms in the UK."

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