AXA Wealth’s Elevate has partnered with Vestra Wealth to provide a range of bespoke and managed portfolio options for IFAs seeking to outsource business to a discretionary fund manager, or DFM, ahead of the retail distribution review, or RDR.
Elevate, a component of the AXA Wealth business, is continuing its series of developments by allowing DFMs to offer their services via the platform, providing advisers with the traditional client-bespoke asset management, along with the option of managed portfolios.
Elevate’s flexibility now extends between a traditional DFM proposition to a simplistic model portfolio approach. This provides the opportunity for an IFA to use any model portfolio they deem appropriate, from a fully outsourced solution, right through to the use of their own multi manager funds and portfolios or a solution from AXA’s independently run multi manager arm, Architas Multi-Manager Limited.
David Thompson, managing director, AXA Wealth Distributors, says: “Increasingly, IFAs are looking at their business models and in many cases will look to outsource their investment solutions to various third party discretionary fund managers – a trend that is set to continue with the impending implementation of the RDR. The flexible functionality of Elevate means that there are various levels of service on offer to suit a range of business models.”
Source:http://www.tradingmarkets.com/news/stock-alert/axa_axa-elevate-partners-with-vestra-wealth-for-dfm-outsourcing-service-1333624.html
