David Thompson, managing director of Elevate, AXA Wealth
AXA Wealth has cut charges on its large portfolios on the Elevate investment platform, it announced today.
The new portfolio charge is 0.25 per cent for portfolios of £1 million plus, instead of 0.28 per cent.
For portfolios between £2.5 million and £5 million the charge has been cut from 0.22 per cent 0.15 per cent. Those above £5m will be charged at 0.10 per cent instead of 0.22 per cent.
All other charges for investments under £1 million remain the same.
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The reduced charges are available to all existing and new clients, including the family-linked accounts service.
David Thompson, managing director of Elevate, AXA Wealth, said:
"Given the strength of the business we are now in a position to make the charges for larger portfolios amongst the most competitive in the market and offer lower costs to advisers and their clients.
"We are already one of the fastest growing platforms in the UK market today and we believe our competitive pricing structure will continue to appeal to advisers and their clients."
