AXA Elevate adds SimplyBiz Verbatim funds to platform

Elevate, AXA's wrap platform, has added six new multi manager funds designed for SimplyBiz, with one of the mandates being managed by Architas.

As part of the AXA Wealth strategy, focusing on investment and platform solutions that give advisers increased choice on their RDR-journey, it is Elevate's strategy to develop and source bespoke solutions for distributors and service providers. The additions to the platform are:

IM Verbatim Portfolio 3 Fund
IM Verbatim Portfolio 4 Fund
IM Verbatim Portfolio 5 Growth Fund
IM Verbatim Portfolio 5 Income Fund
IM Verbatim Portfolio 6 Fund
IM Verbatim Portfolio 7 Fund

These funds will all be available in both the institutional and retail structures, reflecting the flexibility of the Elevate platform. SimplyBiz is a UK based provider of financial compliance services training and support, encouraging FSA best practice to financial businesses.

The mandate for the Portfolio 5 Growth Fund will be managed by Architas, AXA Wealth's multi manager arm.

David Thomson, managing director, wealth investments and distribution, AXA Wealth, said: ‘The partnership with SimplyBiz is the next step in our focus to work with major distribution partners ensuring IFAs and their clients can access a wide range of diverse investments.'

Matthew Timmins, joint managing director, SimplyBiz, said: ‘Elevate is a rapidly growing platform and by offering both bundled and unbundled charging structure it is becoming increasing popular amongst IFA transitioning to a post RDR-business. Like Elevate, we place a key compliance focus on the importance of assessing ‘attitude to risk' and then structuring an appropriate portfolio to meet client needs.'