AXA Distribution Services has announced enhancements to its Elevate platform model portfolio facility.

The platform allows advisors to construct and manage portfolios for individual or multiple clients.

The new options will enable model portfolios to be used across all tax wrappers on the platform, including third party products and apply to both advisory and discretionary advice models.

"This latest enhancement to the Elevate platform has been developed in response to strong demand from our customers. The model portfolio functionality is designed to help make the provision of high quality financial planning more scaleable for advisors. A key part of the new model portfolio functionality is its flexibility: our aim is to ensure that Elevate’s technology supports different advisor businesses and we’re confident we have achieved that,” said Ian Thomas, head of marketing, AXA Distribution Services.

Through Elevate, portfolios and funds can also be switched in bulk, and the ongoing management of portfolios is accompanied by an allocation rebalancing function.