AXA Wealth has also announced that the current AXA Wealth Loyalty Offer – which provides a loyalty payment for AXA Wealth Elevate clients investing in Architas funds - will come to a close at the end of this year due to changes in regulation. Loyalty payments will continue to be made to existing customers in the offer for as long as regulation allows, which is currently up to April 2016.The Architas Exclusive share class will be available from January to new and existing customers using the AXA Wealth Elevate platform and will provide a 20bps reduction in the standard clean share class charge.The Architas Multi-Asset Active range will be available from 0.55% AMC, the Blended and Specialist range from 0.40% AMC and the Passive range from just 0.25% AMC.
Hans Georgeson, managing director, Architas, said: "The Architas fund range appeals to advisers due to its fit with RDR requirements and focus on the end-to-end investment process, from risk profiling to rebalancing. Through this new offer we can provide strategic competitive advantage and flexibility for both advisers and customers who use the AXA Wealth Elevate platform and Architas investment management solutions. We have introduced this reduced charge in response to changing regulations and pleased we are still able to provide enhanced terms to those advisers, and their clients, that use more than one aspect of the AXA Wealth proposition."David Thompson, managing director, AXA Wealth Elevate said: "We believe that clients should benefit where they use platform and investment expertise from the same company. Many companies offer preferential rates to customers who take advantage of more than one aspect of their proposition. We want to ensure that advisers and customers can benefit from the combined strength of AXA Wealth Elevate and Architas. It is right that we reward advisers, and their clients, with this reduced charge on the Architas funds."The new share class will also be made available to the wider AXA Wealth proposition where possible, says AXA.